Quick Win By The Algorithm

On April 3, 2016, the I Know First algorithm had predicted a bullish forecast for ONEOK, Inc. (OKE). OKE had a signal of 459.90 and a predictability of 0.78. Therefore, in accordance with the Quick Win By the Algorithm, the company reported gain of 103.19% in just 1 year.

ONEOK, Inc. (OKE), through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States.

The current situation portrayed rising yields as analysts expect higher economic growth. During the last year, ONEOK, Inc. (OKE) evolved according to the oil price. Thus, within this time-frame, the price of natural gas rose by over 50%.

Moreover, the majority of the company’s stocks are owned by institutional investors and hedge funds. Many investors have been lately boosting their stakes in ONEOK. Among them, there are New York Life Trust Co., Blenheim Capital Management BV, Tuttle Tactical Management LLC, Virtus Investment Advisers Inc. and Virtus ETF Advisers LLC.

This surely had an impact on the rise of ONEOK stocks.

This bullish forecast on OKE was sent to the current I Know First subscribers on April 3, 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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