SID Stock – Quick Win: 88.05% Gain In 3 Months

SID Stock

Companhia Siderurgica Nacional was a top stock pick based on predictive algorithm recommended to I Know First subscribers on February 1st for the 3-Month time horizon. SID had a signal of 370.73 and a predictability of 0.31. In accordance with the algorithm, the company reported short-term capital gains of 88.05%.

Companhia Siderurgica Nacional was part of the stock forecast that can be found in the “Top 10 Stocks” Package.

The full Top 10 Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

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

sid quick win

Companhia Siderúrgica Nacional operates as an integrated steel producer primarily in Brazil. It operates through five segments: Steel, Mining, Cement, Logistics, and Energy. The company primarily produces carbon steel and various steel products for automotive, home appliance, packaging, construction, and steel processing industries.

Companhia Siderurgica Nacional (SID) was a big mover last session, as its shares rose over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally continues the recent uptrend for the company, as the stock is now up above 55% in the past one-month time frame. Also, The World Steel Association has predicted the global steel demand to increase 2% in 2015, with strong demand from China. Similarly, the Brazilian Steel Institute (IABr) expects sales to be approximately 20.8 million tons for 2015.

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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