Momentum Stocks Based on Data Mining: Returns up to 28.9% in 7 Days

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

Best Share To Buy
Package Name: 52 Week High Stocks
Recommended Positions: Long
Forecast Length: 7 Days (9/5/21 – 9/13/21)
I Know First Average: 2.33%
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. The greatest return came from SCX at 28.9%. The suggested trades for DNN and AMBA also had notable 7 Days yields of 15.6% and 7.62%, respectively. The 52 Week High Stocks package had an overall average return of 2.33%, providing investors with a premium of 3.80% over the S&P 500’s return of -1.47%.

The L.S. Starrett Company manufactures and sells industrial, professional, and consumer measuring and cutting tools and related products in North America, Brazil, China, and the United Kingdom. Its products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and reciprocating saw blades, as well as M1 lubricant and precision ground flat stock products. The company’s measuring tool products comprise micrometers, vernier calipers, height gages, depth gages, dial indicators, steel rules, and combination squares, as well as offers custom, non-contact, and in-process gaging products, such as optical, vision, and laser measurement systems; and force measurement and material test equipment. In addition, it provides hand tools for measuring, marking, and layout activities to building trades. The company primarily distributes its precision hand tools, and saw and construction products through distributors and resellers. It serves metalworking, aerospace, medical, and automotive industries; marine and farm equipment shops, and do-it-yourselfers, as well as tradesmen, such as builders, carpenters, plumbers, and electricians. The company was founded in 1880 and is headquartered in Athol, Massachusetts.

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.