Stock Forecasting Based on Big Data: Return up to 18.91% in 7 Days

Stock Forecasting

This Computer Industry Stocks forecast is designed for investors and analysts who need predictions of the best-performing stocks for the whole Computer Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best stocks to buy in the computer industry:

Top 10 Computer Industry stocks for the long position
Top 10 Computer Industry stocks for the short position

Package Name: Computer Industry StocksComputer Industry
Forecast Length: 7 Days (05/19/16 – 05/26/16)
I Know First Average: 6.76%

stock forecasting

The algorithm accurately predicted 9 out of 10 stocks to increase for this short-term forecast from the Computer Industry package. MU was our top earner with a return of 18.91% in the 7-day forecasting period. DDD, RAX, and CYBR also impressed with their returns of 9.06%, 8.94%, and 8.37%. This forecast brought the package an average return of 6.76% while the S&P 500 saw growth of 2.07% for the same period.

Micron Technology, Inc. (MU) provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. There are a few reasons that MU stock could be looking at additional growth including the state of the hard drive market, the joint development of 3D XPoint with Intel, and potential growth in the currently depressed DRAM market.

Algorithmic traders utilize 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.

How to interpret this diagram

Please note, for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.