Stock Picking Based on Artificial Intelligence: Up to 52.21% Return in 1 Month

Stock Picking

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

  • Top 10 biotech stocks for the long position
  • Top 10 biotech stocks for the short position

Package Name: BioTech Stocks
Forecast Length: 1 month (10/8/15 – 11/8/15)
I Know First Average: 15.00%

Stock PickingThe algorithm correctly predicted 7 of the 10 stocks forecasted to increase during the predicted time horizon of 1 month in the biotech stocks package forecast from 1o/8/2015. The most impressive prediction was for FOLD, which offered a return of 52.21% during the predicted time horizon to investors who bought this stock. Other impressive returns were NBIX and DSCO which increased by 37.40% and 31.72%, respectively. The average return from this forecast for investors was 15.00%, offering a premium to investors over the S&P 500 return of 5.18% during the predicted time horizon.

Amicus Therapeutics, this forecasts top performer, is a pharmaceutical company that is developing Galafold, a Fabry disease therapy in high demand. Galafold has been approved in Europe, however, there have been delays in the FDA approval. Investors have speculated that there would be further developments on the FDA approval this week, causing the stock price to spike.

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.

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