Quick Win By The Algorithm: AMZN Has Positive 3 Month Return

Quick Win By The Algorithm

On December 13, 2016, the I Know First algorithm had predicted a bullish forecast for Amazon Inc. (AMZN). AMZN had a signal of 158.92 and a predictability of 0.23. Therefore, in accordance with the Quick Win By the Algorithm, the company reported gain of 12.43% in just 3 months.

Quick Win By The Algorithm

Amazon.com, Inc. is an American electronic commerce and cloud computing company with headquarters in Seattle, Washington. It is the largest Internet-based retailer in the United States.

Quick Win By The Algorithm


Not long ago, Amazon’s fourth quarter results were published, and were higher than expected. The EPS (earnings per share) estimated to be $1.35 was actually $1.54, a 54% increase from 2015. As well as, revenue, net income, and operating activities all sky rocketed over the past year.

Additionally, there are a few contributing factors to Amazon’s rise in profitability. An increase in the revenue, net income and operating activities is due to the expansion of Amazon prime members. Today, there are around 65 million prime members, an increase of 9 million from 2015, according to Statista. Amazon Prime is a paid service, giving users extra benefits, including shipping, videos and streaming.

Finally, according to the analysts AMZN is a strong buy share, with no analysts recommending to sell.

This bullish forecast on AMZN was sent to current I Know First subscribers on December 13, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used 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.

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