Machine Learning For Trading: Up to 20.19% Return In 7 Days

Machine Learning For Trading

This Biotech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Biotechnology Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best biotech stocks to buy:

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

Package Name: Industry Package – Biotech Stocks
Recommended Positions: Long
Forecast Length: 7 Days (03/18/16 – 03/25/2016)
I Know First Average: 5.57%

Machine Learning For Trading

The I Know First predictive algorithm accurately forecasted  8 out of 10 stocks on the 7-day time horizon starting on March 18th, 2016 for the biotech stocks for the long position. Top performers for this package were MDVN followed by ARNA with returns of 20.19% and 19.61%. The package returned an average of 5.57%, compared to the S&P 500’s return of -0.23% for the same 7 days.

Medivation (MDVN), is an American biopharmaceutical company focused on rapid development of novel therapies to treat serious diseases for which there are limited treatment options. The reasoning for the American firms boom in stock prices is likely due to the FDS lifting the partial clinical hold on the Investigational New Drug (IND) application for pidilizumab in hematological malignancies allowing for phase II clinical trial in patients with relapsed or refractory diffuse large B-cell lymphoma to resume.

How to interpret this diagram

Please, note-for trading decisions use the most recent forecast. 

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