Biotech Stocks Based on Pattern Recognition: Returns up to 52.47% in 14 Days

April 21, 2020

Biotech Stocks

The BioTech Stocks Package is designed for investors and analysts who need predictions of the best stocks to buy for the whole Biotechnology Industry. It includes 20 stocks with bullish and bearish signals and indicates the best biotech stocks to trade:

  • Top 10 Biotech stocks for the long position
  • Top 10 Biotech stocks for the short position

BioTech Stocks
Package Name: Biotech Stocks Forecast
Recommended Positions: Long
Forecast Length: 14 Days (4/5/2020 – 4/20/2020)
I Know First Average: 21.37%
Biotech Stocks
Biotech Stocks chart

For this 14 Days forecast the algorithm had successfully predicted 9 out of 10 movements. NVAX was our best stock pick this week a return of 52.47%. LGND and INCY also performed well for this time horizon with returns of 32.91% and 28.76%, respectively. The package had an overall average return of 21.37%, providing investors with a 7.93% premium over the S&P 500’s return of 13.44% during the period.

Novavax, Inc. (NVAX) is a clinical stage biotechnology company. The Company creates novel vaccines to address a broad range of infectious diseases worldwide using proprietary virus-like particle (VLP) technology.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.

Biotech Stocks Forecast