Stock Picking Based on Artificial Intelligence: Up to 60.66% Return in 1Month

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 (10/21/15 – 11/21/15)
I Know First Average: 9.44%

Stock pickingThe algorithm correctly predicted 6 out of the 10 stocks forecasted to increase during the predicted time horizon of 1 month in the tech stocks package forecast from 1o/21/2015. The most impressive prediction was for FOLD, which offered a return of 60.66% during the predicted time horizon to investors who bought this stock. Other impressive returns were ALNY and CLDX which increased by 32.20% and 24.63%, respectively. The average return from this forecast for investors was 9.44%, offering a premium to investors over the S&P 500 return of 2.88% during the predicted time horizon.

Amicus Therapeutics, Inc. (FOLD), the American biopharmaceutical company only went public as little as 8 years ago and is already a dominant player in the biotech field. Although the company announced a delay to its timeline for filing for approval of its Fabry disease therapy, Galafold, in the United States it has still managed to leave investors optimistic. The Galafold drug is extremely powerful and much more efficient that the current drugs tackling the disease, moreover the the company is set to clarify the timing of an FDA application soon.

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.