Momentum Stocks Based on Stock Prediction Algorithm: Returns up to 29.37% in 14 Days
Momentum Stocks
The 52 Week High Stocks Package is designed for investors and analysts who need predictions for momentum 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: 14 Days (9/27/2020 – 10/12/2020)
I Know First Average: 11.02%
The algorithm correctly predicted 10 out 10 of the suggested trades in the 52 Week High Stocks Package for this 14 Days forecast. The prediction with the highest return was AMSC, at 29.37%. Other notable stocks were CSIQ and ARNA with a return of 17.62% and 14.79%. The package had an overall average return of 11.02%, providing investors with a premium of 3.87% over the S&P 500’s return of 7.15% during the same period.
American Superconductor Corporation (AMSC) provides megawatt-scale solutions worldwide. The company operates through two segments, Wind and Grid.
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.
