Quick Win By The Algorithm: PTX’s 1 Month Surge

Quick Win By The Algorithm

On February 20, 2017, the I Know First algorithm had predicted a bullish forecast for Pernix Therapeutics Holdings, Inc. (PTX). PTX had a signal of 137.47 and a predictability of 0.46. Therefore, in accordance with the Quick Win By the Algorithm, the company reported gain of 55.17% in just 1 month.


quick winPernix Therapeutics Holdings, Inc. (PTX), a specialty pharmaceutical company, develops, manufactures, markets, and sells pharmaceutical products.

quick win

On February 23, 2017 PTX announced it received a favorable opinion in its litigation with Actavis Laboratories FL Inc. regarding a generic version of Zohydro ER. The judge ordered Acravis from engaging in the commercial manufacture, use and sale in the United States.

CEO and chairman of PTX, John Sedor said, “we are pleased with the court;s decision as it confirms the strength and longevity of the Zohydro ER patent portfolio. Zohydro ER is a core component of our product portfolio and we look forward to driving continued growth of the franchise”.

Following this, on March 28, PTX is due to report their fourth quarter and year-end 2016 financial results.

This bullish forecast on PTX was sent to current I Know First subscribers on February 20, 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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