Canadian Stocks Based on Algo Trading: 49.72% Return in 14 Days

Canadian Stocks

The Canadian Stock Forecast is part of the “Canadian Stocks” package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

  • Top ten Canadian stocks pick to long
  • Top ten Canadian stocks pick to short

Package Name: Canadian Stocks 
Recommended Positions: Long
Forecast Length: 14 Days (04/17/2016 – 05/01/2016)
I Know First Average: 18.15%

Canadian Stocks

The I Know First predictive algorithm correctly forecasted 10 out of 10 stocks for the 14-day time horizon in the Canadian Stocks package this week. FM.TO was the top performer for the long position, returning 49.72%. This package returned an average of 18.15%, outperforming the S&P 500’s -0.74% return.

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. The company primarily explores for copper, nickel, gold, zinc, and platinum-group elements, as well as acid. Recently announced their earnings reports for the first quarter with a slight loss and shortly after they published a correction of these.

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 algorithmic traders.

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