Momentum Strategy Based On Artificial Intelligence: Up To 82.56% Return In 1 Month

Momentum Strategy

This Biotech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Biotechnology Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best biotech stocks to buy:

  • Top 10 biotech stocks for the long position
  • Top 10 biotech stocks for the short position

Package Name: Industry Package – Biotech Stocks
Forecast Length: 1 Month (7/5/15 – 8/5/15)
I Know First Average: 11.32%

Momentum StrategyI Know First’s 1 month forecast from the Biotech Package had 6 of the 10 stocks increase in accordance with the Stock Market Algorithm prediction. EXEL performed phenomenally well, returning 82.56% during the one month time horizon as the algorithm indicated. Likewise, TECH and SRPT were also included in the top 10 picks of the industry forecast and had strong returns of 15.04% and 8.59% respectively over one month. The average return of 11.32% during the forecasted time horizon outperformed the S&P 500 average return of 1.11% by over 10 times during the same period.

Exelixis, Inc. was a big mover in yesterday’s session, as its shares rose over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend for the company, as the stock is now trading above the volatile price range of $3.33 to $6.31 in the past one-month time frame.

Shares of Exelixis, galloped higher by 52% in the month of July, after announcing positive top-line data from its METEOR trial and raising much-needed capital for its ongoing operations.

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 algorithmic traders.

How to interpret this diagram

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.