Short Selling Stocks Based On Machine Learning: Up To 30.15% in 14 Days

Short Selling Stocks

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks picks to long
  • top ten stocks picks to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 14 Days (8/7/2015 – 8/21/2015)
I Know First Average: 7.32% (Short)

Get the “Top 10 Stocks”-Package

Short Selling Stocks

All the 10 stocks included in the Top 10 Stocks forecast from 8/7/15 decreased in accordance with the algorithm’s prediction for the14 Days time horizon. The top performing stock was KITE with incredible returns of 30.15%. STLD also posted outstanding returns of 10.82% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of -5.41% by 7.32% during the predicted time horizon.

Kite Pharma is a biopharmaceutical company which is based in California. They develop cancer immunotherapy products. Kite’s stock has been under pressure since the death rumor of one of its patients. The company was accused to be responsible of the death through the KTE-C19 treatment but the company said it was unrelated. Also, Kite reported Q2 losses which was higher than expected so this could have an impact on its stock.

Algorithmic traders utilise these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

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