Momentum Stocks Based on Genetic Algorithms: Returns up to 49.03% 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 (5/3/2020 – 5/10/2020)
I Know First Average: 10.45%
Momentum Stocks
Momentum Stocks chart

The algorithm correctly predicted 10 out 10 of the suggested trades in the 52 Week High Stocks Package for this 7 Days forecast. CHGG was the highest-earning trade with a return of 49.03% in 7 Days. BKEP and FDN followed with returns of 10.14% and 8.05% for the 7 Days period. This algorithmic forecast package presented an overall return of 10.45% versus S&P 500’s performance of 3.5% providing a market premium of 6.95%.

Chegg, Inc. (CHGG) operates student-first connected learning platform that empowers students to take control of their education to save time, save money, and get smarter. It offers print textbook and eTextbook library for rent and sale; and provides eTextbooks, supplemental materials, Chegg Study service, tutoring service, textbook buyback, test preparation service, internships, and college admissions and scholarship services, as well as enrollment marketing and brand advertising services. The company has a strategic alliance with Ingram Content Group Inc. Chegg, Inc. (CHGG) was founded in 2005 and is headquartered in Santa Clara, California.

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.