Momentum Stocks Based on AI: Returns up to 39.65% in 7 Days

Momentum Stocks

The 52 Week High Stocks Package is designed for investors and analysts who need predictions for stocks currently at their 52-week high price level. It includes 20 momentum 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

Best Share To Buy
Package Name: 52 Week High Stocks
Recommended Positions: Long
Forecast Length: 7 Days (7/24/2020 – 8/1/2020)
I Know First Average: 4.0%
Momentum Stocks
Momentum Stocks chart

The algorithm correctly predicted 6 out 10 of the suggested trades in the 52 Week High Stocks Package for this 7 Days forecast. The greatest return came from BGFV at 39.65%. Additional high returns came from CDE and BCC, at 6.3% and 2.31% respectively. The package saw an overall yield of 4.0% versus the S&P 500’s return of 1.1% implying a market premium of 2.90%.

Big 5 Sporting Goods Corporation, incorporated on October 31, 1997, is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports. The Company purchases merchandise from sporting goods equipment, athletic footwear and apparel manufacturers. It offers various brands, such as adidas, Coleman, Footjoy, JanSport, Rawlings, Spalding, Asics, Columbia, Franklin, Lifetime, Razor, Speedo, Bearpaw, Crocs, Gildan, Mizuno, Rollerblade and Timex.

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.