Quantitative Analysis Using Artificial Intelligence: Up To 11.02% Return In 7 Days

Quantitative Analysis

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: Biotech Stocks
Forecast Length: 7 Days (8/23/15 – 8/30/15)
I Know First Average: 5.49%

Quantitative Analysis8 of the 10 stocks included in the Biotech Industry Package forecast from 8/23/15 increased in accordance with the algorithm’s prediction for the 7-day time horizon. The top performing stocks were Kite Pharma, Inc. (KITE) and Oramed Pharmaceuticals, Inc. (ORMP), with returns of 11.02% and 9.96% respectively. Other stocks that also posted outstanding returns were ImmunoGen (IMGN) and Alnylam Pharmaceuticals, Inc. (ALNY). They had returns of 9.26% and 9.23% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of 0.91% by 5.49% during the predicted time horizon.

Kite Pharma is a biopharmaceutical company which is specialized in the development of innovative cancer immunotherapy products. After rumors about a patient death related to the treatment with KTE-C19, one of Kite Pharma’s drug, its stocks have regained confidence from investors during the week as it rise 11.02%. Obviously, the company reassures investors that the trial do not question the safety to its product.

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.

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