Shorting Stocks Based on Algorithmic Trading: Returns up to 23.98% in 3 Days

Shorting Stocks

This forecast is part of the Top 10 Stocks Package for shorting stocks, as one of I Know First’s systematic trading tools. The full package includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

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

Package Name: Top 10 Stocks
Recommended Positions: Short
Forecast Length: 3 Days (10/30/2016 – 11/03/2016)
I Know First Average: 5.18%
Shorting Stocks

The algorithm correctly predicted 8 out 10 of the suggested trades in the Top 10 Stocks Package for this 3 Days forecast. WFT was the highest-earning trade with a return of 23.98% in 3 Days. THC and SWN followed with returns of 13.73% and 9.51% for the 3 Days period. The package had an overall average return of 5.18%, providing investors with a 6.96% premium over the S&P 500’s return of -1.78% during the period.

Weatherford International public limited company, (WFT) operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells.

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.