Quick Win By The Algorithm

On April 4, 2017, the I Know First algorithm issued a bullish forecast for BlackBerry Ltd. (NASDAQ: BBRY). BBRY had a signal of 84.31 and a predictability of 0.06. Therefore, in accordance with the forecast, the company’s stock increased by 11.92% in just 14 days.

BlackBerry, Ltd. is wireless communication company featuring BlackBerry smartphones.  The company also offers enterprise mobility management, enterprise software solutions, and mobile security software. The company’s headquarter is in Waterloo, Canada.  Blackberry was the first company to introduce features such as small trackball for freewheeling navigation and color display on mobile phones.

BlackBerry won nearly $815 million from settling an arbitration with Qualcomm on April 12, 2017. Disagreement emerged over their licensing agreement between both companies in regards to a royalty cap.  Since April 20, 2016, BlackBerry reviewed its royalties payments and claimed the company was overpaying royalties to Qualcomm on past unit sales. However, Qualcomm claims the royalty cap was voluntary.  As a result of the favorable agreement, BlackBerry nearly doubled its cash holdings in its balance sheet to nearly $2 billion.

On April 17, 2017, BMO Capital Markets raised BBRY’s price target by over 10% from $8 to $9 per share.

This bullish forecast on BBRY was sent to the current I Know First subscribers on April 4, 2017.

Missed the latest trend? Looking for the next best market opportunity? Find out today’s stock forecast based on our advanced self-learning algorithm
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.