Quick Win by the Algorithm: DXCM returns up to 26.45% in 3 Days

Quick Win by the Algorithm

On January 13, 2017 the I Know First algorithm had predicted a bullish forecast for DXCM Pharmaceuticals (DXCM). (DXCM) had a signal of 73.56 and a predictability of 0.11. In accordance with the algorithm, the company reported long-position capital gains of 26.45% experiencing a quick win by the algorithm.

Quick Win by the Algorithm

DexCom, Inc. (DXCM), a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring systems in the United States and internationally.

Quick Win Algorithm

On January 10, 2017, the company reports a record of its revenue that hasn’t been audited for their Q4 and fiscal revenue of 2016. As a consequence, it enables the company Baillie Gifford & Co to realize a 7.25 percent passive stake in Dexcom Inc as of 31 December 2016.

Moreover, Oppenheimer Holdings, Inc. -an investment bank providing independent financial advice, stated that DexCom was focused on long-term opportunities and forecasted an outperformance of the company at a target price of $84.

This bullish forecast on DXCM was sent to current I Know First subscribers on January 13, 2017. 

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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