Stock Scanner Based on Algo Trading: Returns up to 11.18% in 7 Days

Stock Scanner

This forecast is part of the Top 10 Stocks Package, 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: Long
Forecast Length: 7 Days (03/02/2018 – 03/09/2018)
I Know First Average: 6.10%
Stock Scanner

The algorithm correctly predicted 10 out 10 of the suggested trades in the Top 10 Stocks Package for this 7 Days forecast. MCHP was the highest-earning trade with a return of 11.18% in 7 Days. Additional high returns came from VEEV and AEIS, at 10.34% and 8.38% respectively. The package had an overall average return of 6.10%, providing investors with a 2.03% premium over the S&P 500’s return of 4.07% during the period.

Microchip Technology Incorporated, incorporated on February 14, 1989, is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products. Its functional activities include sales, marketing, manufacturing, information technology, human resources, legal and finance.

The Company’s product portfolio comprises general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers, a spectrum of linear, mixed-signal, power management, thermal management, radio frequency (RF), timing, safety, security, wired connectivity and wireless connectivity devices, as well as serial electrically erasable programmable read-only memories (EEPROMs), serial flash memories, parallel flash memories and serial static random-access memory (SRAM) memories. It also licenses Flash-IP solutions that are incorporated in a range of products. Its synergistic product portfolio targets various applications across the world in the automotive, communications, computing, consumer and industrial control markets.

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.

How to interpret this diagram

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