Stock Predictions Based on Algorithms: Return up to 19.22% (short) in 14 Days

Stock Predictions

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 daily predictions for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks pick to long
  • top ten stocks pick to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 14 days (03/16/2016 – 03/30/2016)
I Know First Average: 15.27% (long); 19.22% (short)

Stock Predictions

This week the algorithm correctly forecasting 8 out of 10 stocks in the long position and 6 out of 10 stocks for the short position on the 2-week time horizon for this top 10 stocks package. Top-earning stocks for the long position were X and XPO with returns of 15.27% and 10.58%. For the short position, top stock picks were VRX and ENDP with their noteworthy returns of 19.22% and 12.65%. The packages returned averages of 3.68% (long) and 1.76% (short) while the S&P 500 returned 2.38% for the period.

Valeant Pharmaceuticals International, Inc. (VRX) develops, manufactures, and markets pharmaceuticals, over-the-counter products, and medical devices worldwide. Stocks dropped as representatives of Sprout Pharmaceuticals accused the company of violating its merger agreement and Valeant’s CEO was also subpoenaed for a Congressional hearing.

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.