Quick Win By The Algorithm: DPW Subsidiary Launches Power Systems For Digital Mining Cryptocurrencies

Quick Win By The Algorithm:

On November 27th, 2017, I Know First issued a bullish 7-days forecast for Digital Power Corporation (NYSE: DPW). The forecast showed a signal of 175.78 and a predictability of 0.12. In accordance with the forecast, DPW’s stock returned 330.92% over this period, solidifying another quick win by the I Know First algorithm.

Digital Power Corporation designs, develops, manufactures, and sells power system solutions for the medical, military, telecom, and industrial markets in North America and Europe. The company offers custom power system solutions; high-grade flexibility series power supply products, such as power rectifiers; and value-added services for original equipment manufacturers. It also provides power conversion, power distribution equipment, direct current/active current inverters, and uninterrupted power supply products; switching power supplies, uninterruptible power supplies, and power conversion and distribution equipment frequency converters; and transformer rectifiers for naval use. The company sells its products directly through its sales force, as well as through independent manufacturer representatives and distributors. Digital Power Corporation was founded in 1969 and is headquartered in Fremont, California.

Digital Power Corporation stock soared after the recent news that the company is making a move into the cryptocurrency mining market.  This market has experienced extremely high exponential growth in the past few years.

On August, DPW announced a partnership between Coolysis and PoW Digital Mining in order to develop a portfolio of assets targeting the cryptocurrency market. Coolisys Technology, Inc. is a wholly owned subsidiary of DPW.

Coolisys anticipated the launch of the line of advanced technology power systems for digital mining cryptocurrencies, including Bitcoin and the other top digital currencies worldwide. Since one of the biggest problems of the cryptocurrencies market is finding an efficient power supply, for the lowest total cost, both companies were developing a new line of crypto-mining power solutions, which is now ready to be commercialized.

Current I Know First subscribers received this bullish DPW forecast on November 27th, 2017

Disclaimer

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.