Medical Stocks Based on a Self-learning Algorithm: Returns up to 75.14% in 1 Year

June 9, 2020

Medical Stocks

The Medicine Stocks Package is designed for investors and analysts who need predictions for the best medical stocks to buy in the Medicine Industry. It includes 20 stocks with bullish and bearish signals and indicates the best medicine stocks to trade:

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


Package Name: Medicine Stocks
Recommended Positions: Long
Forecast Length: 1 Year (6/7/2019 – 6/8/2020)
I Know First Average: 22.54%
Medical Stocks
Medical Stocks chart

This Medicine Stocks Package forecast had correctly predicted 8 out of 10 stock movements. The prediction with the highest return was ICAD, at 75.14%. The suggested trades for CI and XOMA also had notable 1 Year yields of 40.41% and 36.74%, respectively. The Medicine Stocks package had an overall average return of 22.54%, providing investors with a premium of 8.86% over the S&P 500’s return of 13.68%.

iCAD, Inc. (ICAD), provides image analysis, workflow solutions, and radiation therapy for the early identification and treatment of cancer in the United States and internationally. It operates through two segments, Cancer Detection and Cancer Therapy.

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

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

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

Medicine Stocks