Energy Sector Outlook Based on Algo Trading: Returns up to 16.47% in 3 Days

Energy Sector Outlook

The Energy Stocks Package is based on the I Know First algorithm and is designed for investors and analysts who need recommendations for the best performing stocks for the whole Energy Industry. It includes 20 stocks with bullish and bearish signals and indicates the best energy stocks to buy and sell:

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

Package Name: Energy Stocks
Recommended Positions: Long
Forecast Length: 3 Days (04/09/2018 – 04/12/2018)
I Know First Average: 5.20%
Energy Sector Outlook

During the 3 Days forecasted period several picks in the Energy Stocks Package saw significant returns. The algorithm had correctly predicted 7 out 10 returns. The prediction with the highest return was DO, at 16.47%. Further notable returns came from RDC and SN at 15.16% and 12.01%, respectively. The Energy Stocks package had an overall average return of 5.20%, providing investors with a premium of 2.91% over the S&P 500’s return of 2.29%.

Diamond Offshore Drilling, Inc. (DO) provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 32 offshore drilling rigs, which comprise 8 ultra-deepwater, 7 deepwater, and 8 mid-water semisubmersibles; 5 jack-ups; and 4 drillships. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1989 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. (DO) is a subsidiary of Loews Corporation.

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.

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