Quick Win by the Algorithm

Stone Energy Corporation (SGY)

On June 21, 2016, the I Know First algorithm gave a bullish signal of 174.21 for the ticker SGY with a predictability indicator of 0.21. In accordance with the algorithm’s prediction, SGY experienced outstanding growth of 39.44% in just 7 days.

Stone Energy Corporation (SGY), an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico.

I Know First has been following SGY closely since  the middle of May when the algorithm accurately predicted that the stock would decrease. The algorithm was correct and between May 10-May 17, the price of the stock decreased by 48.14%.

SGY’s stock has been declining since May 2014, but recently has been on the rise. The rise can be attributed to the June 1, 2016, announcement by Stone Energy Corp’s board of directors that there would be a 1- for-10 reverse split, which went into effect when the markets opened on June 13.