Momentum Stocks Based on Big Data Analytics: Returns up to 14.84% 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 (11/25/2020 – 12/2/2020)
I Know First Average: 3.13%
Momentum Stocks
Momentum Stocks chart

During the 7 Days forecasted period several picks in the 52 Week High Stocks Package saw significant returns. The algorithm had correctly predicted 6 out 10 returns. CLF was the top performing prediction with a return of 14.84%. The suggested trades for AMBA and DXYN also had notable 7 Days yields of 11.98% and 8.52%, respectively. With these notable trade returns, the package itself registered an average return of 3.13% compared to the S&P 500’s return of 0.92% for the same period.

Cliffs Natural Resources Inc. (CLF), is a natural resources company, which produces and supplies iron ore. The company operates five iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia, which produces lump and fines iron ore.

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.