Stock Picking Using A Predictive Algorithm: Up To 18.13% Return In 7 Days

Stock Picking Using A Predictive Algorithm

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
Recommended Positions: Long
Forecast Length: 7 Days (8/23/15 – 8/30/15)
I Know First Average: 3.49%

Stock Picking Using A Predictive Algorithm

I Know First’s 7 day forecast from the Top 10 Stocks package had 8 of the 10 stocks increase in accordance with the algorithm’s prediction. Atmel Corporation (ATML) performed extremely well, returning 18.13% during the time horizon as the algorithm indicated. Likewise, Alnylam Pharmaceuticals, Inc. and NXP Semiconductors (NXPI) were also included in the top 10 picks of the Top 10 Stocks forecast and had strong returns of 9.23% and 7.97% over 7 days. The average return of 3.49% during the forecasted time horizon easily outperforming the S&P 500 return of 0.91% during the same time.

Atmel Corporation was boosted in trading by the announcement from CEO Steve Laub that he agreed to the Board of Directors request to delay his retirement. This led to further speculation that the company was exploring M&A opportunities, with Laub completing the company’s ongoing strategic evaluation process. It has been reported that the company is working with i-bank Qatalyst Partners to explore a sale, and it was named a top semi buyout candidate by FBR.

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.