Medical Stocks Based on Algorithmic Trading: Returns up to 31.72% in 1 Month

Medical Stocks

The Medicine Stocks Package is designed for investors and analysts who need predictions for the best stocks to buy in the Medicine Industry. It includes 20 stocks with bullish and bearish signals and indicates the best medical 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 Month (10/27/2019 – 11/28/2019)
I Know First Average: 12.94%
Medical Stocks
Medical Stocks chart

The algorithm correctly predicted 8 out 10 of the suggested trades in the Medicine Stocks Package for this 1 Month forecast. The prediction with the highest return was ALNY, at 31.72%. Other notable stocks were CNC and INSM with a return of 25.32% and 25.25%. The package’s overall average return was 12.94%, providing investors with a 8.60% premium over the S&P 500’s return of 4.34% during the same period.

Alnylam Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes novel therapeutics based on RNA interference. Its pipeline of investigational RNAi therapeutics is focused on genetic medicines, cardio-metabolic diseases, and hepatic infectious diseases.

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.