Stock Picker Based on Pattern Recognition: Returns up to 5.17% in 3 days

Stock Picker

This forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 Italian stocks with bullish and bearish signals:

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

Package Name: By Country – Italian Stocks
Recommended Positions: Long
Forecast Length: 3 days (04/20/2018 – 04/24/2018)
I Know First Average: 1.02%
Stock Picker

For this – forecast the algorithm had successfully predicted 6 out of 10 movements. The highest trade return came from SFER.MI, at 5.17%. The suggested trades for UBI.MI and US.MI also had notable – yields of 4.18% and 3.35%, respectively. The overall average return in this By Country – Italian Stocks package was 1.02%, providing investors with a 3.19% premium over the S&P 500’s return of -2.17% during the same period.

Salvatore Ferragamo SpA is an Italy-based company engaged in fashion industry. The Company mainly creates, develops and produces textiles goods and shoes. The Company’s products categories are responsible for the manufacture and sale of footwear, leather goods, clothing and accessories for men and women. The Company’s products include also fragrances and eyewear under the Salvatore Ferragamo brand and on license Ungaro brand. The Company’s products are distributed mainly through network brand stores, managed both directly and by third parties, as well as department stores and multibrand specialty stores. The Company’s activities also include the licensing of the Ferragamo brand, rental services, property management and technical consultancy with the Zegna Group. Salvatore Ferragamo SpA operates in Europe, North America, Japan, Asia-Pacific and Central and South America.

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.