Pharma Stocks Based on Algorithmic Trading: Returns up to 7.48% in 3 Days

Pharma Stocks

This stock forecast is designed for investors and analysts who need predictions of the best stocks for the whole Pharmaceutical sector (see Pharma Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best pharmaceutical stocks to trade:

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

Pharma Stocks Forecast
Package Name: Pharma Stocks Forecast
Recommended Positions: Long
Forecast Length: 3 Days (10/15/2020 – 10/18/2020)
I Know First Average: 1.95%
Pharma Stocks
Pharma Stocks chart

I Know First’s State of the Art Algorithm accurately forecasted 7 out of 10 trades in this Pharma Stocks Forecast Package for the 3 Days time period. IMGN was our best stock pick this week a return of 7.48%. The suggested trades for XOMA and FOLD also had notable 3 Days yields of 5.52% and 4.7%, respectively. The package itself saw an overall return of 1.95%, providing investors with a 2.09% premium above the S&P 500’s return of -0.14% for the same time period.

ImmunoGen, Inc. (IMGN), a biotechnology company, develops targeted anticancer therapeutics. The company develops its products using its antibody-drug conjugate (ADC) technology.

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.