ConocoPhillips: 13.66% return in 10 days.

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ConocoPhillips Co. (NYSE:COP) is renowned as the world’s largest independent oil and gas exploration and production company, generating more than $56.185 billion in revenue annually, according to the most recent data. Recent oil prices caused the stock price to experience a heavy blow, and consequently be oversold.

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The I Know First algorithm recognized this and on the 12th of December 2012 the 3 month signal was very strong, 64.06 with a very strong predictability of 0.49. The article “ConocoPhillips: One Well-Oiled Machine That’s In No Way ‘Out Of Gas’ – An Algorithmic Perspective” recommended a long position on the stock, and in accordance with the algorithm the stock price has risen by 13.66% since.

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