Momentum Stocks

The Momentum Stocks Package is designed for investors and analysts who need predictions for stocks currently at their 52-week high price level. It includes 20 stocks with bullish and bearish signals and indicates the best shares to buy and sell:

• 52 Weeks High Top 10 stocks for the long position
• 52 Weeks High Top 10 stocks for the short position

Package Name: 52 Week High Stocks
Recommended Positions: Long
Forecast Length: 3 Days (8/8/21 – 8/12/21)
I Know First Average: 3.64%

6 out of 10 stock prices in this forecast for the 52 Week High Stocks Package moved as predicted by the algorithm. The prediction with the highest return was RYI, at 22.75%. ORMP and METC also performed well for this time horizon with returns of 13.64% and 13.64%, respectively. This algorithmic forecast package presented an overall return of 3.64% versus S&P 500’s performance of 0.55% providing a market premium of 3.09%.

Ryerson Holding Corporation (RYI), together with its subsidiaries, processes and distributes various metals in in the United States, Mexico, Canada, China, and Brazil. The company offers a line of stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structurals, and tubings. It also provides value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius, and processing materials to a specified thickness, length, width, shape, and surface quality pursuant to specific customer orders. The company serves various industries, including customers making products or equipment for the commercial ground transportation, metal fabrication and machine shops, industrial machinery and equipment, consumer durables, HVAC, construction, food processing, and agriculture, as well as oil and gas. Ryerson Holding Corporation (RYI) was founded in 1842 and is headquartered in Chicago, Illinois with an additional office located in Coon Rapids, Minnesota.

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.