I Know First Trade Report: AMD, 16.79% In 6 Days
On the 15th of January 2015 I Know First algorithm released a bearish signal on its 1 month forecast for AMD. At the same time the price moved below the 5 day simple moving average of the stock’s price, which is a strong position to enter a short position. Below is the original forecast, and the resulting trade which made 16.79% in just 6 days.
Key Numbers and Dates
Sell Short Recommendation
You would sell short the stock on Jan, 15th 2015 according to the I Know First signal you received that morning of -92.38 and the fact that the stock closed below the 5 day simple moving average on the 14th of January. You would sell short the stock at the market opening price of $2.62.
Customized Forecast Exit Recommendation – 16.79% In 6 Days
According to the algorithm you would close your short position on the 21st of January at the market opening price of $2.18 based on the weak negative signal (above -10) you received before the market opened of 33.53. Your return of the trade would be 16.79%.
Market Exit Recommendation – 6.49% In 6 Days.
According to the 5 day simple moving average (SMA) you would close your short position on Jan 21st post market when the price closed above the 5 day SMA at the price of $2.45. The Total return without an algorithmic exit would be 6.49%.
Where could I have found this forecast?
AMD belongs to our “Top x Stock Picks + S&P500” universe. On Jan 15th, 2015 the stock’s position on the 1 Month table was 2nd (on the short side), making available to “Top 5” and above subscribers.
What is AMD?
Advanced Micro Devices, Inc. (AMD) is an American worldwide semiconductor company based in California, United States, that develops computer processors and related technologies for business and consumer markets. AMD is the second-largest global supplier of microprocessors based on the x86 architecture and also one of the largest suppliers of graphics processing units. Below is the trade we forecast in relation to the last year.