Stocks to Buy Based on Stock Algorithm: Returns up to 20.3% in 3 Days

Stocks to Buy

This forecast is part of the High Option Volume Stocks Package, as one of I Know First’s algorithmic trading tools. The full Top 10 High Option Volume Stocks forecast includes daily predictions for the best high option volume stocks to buy and sell for a total of 20 stocks with bullish and bearish signals:

  • Top 10 High Option Volume stocks for the long position
  • Top 10 High Option Volume stocks for the short position

Package Name: High Option Volume Stocks Forecast
Recommended Positions: Long
Forecast Length: 3 Days (10/20/2019 – 10/23/2019)
I Know First Average: 6.91%
Top 10 Stocks
Top 10 Stocks chart

9 out of 10 stock prices in this forecast for the High Option Volume Stocks Forecast Package moved as predicted by the algorithm. MNK was our best stock pick this week a return of 20.3%. RLGY, and SKT had notable returns of 15.12% and 8.45%. The package had an overall average return of 6.91%, providing investors with a premium of 6.30% over the S&P 500’s return of 0.61% during the same period.

Mallinckrodt public limited company develops, manufactures, markets, and distributes specialty pharmaceutical and biopharmaceutical products, and nuclear imaging agents in the United States, Europe, the Middle East, Africa, and internationally. The company’s Specialty Brands segment markets branded pharmaceutical and biopharmaceutical products for autoimmune and rare diseases; immunotherapy and neonatal respiratory critical care therapies; and central nervous system drugs. This segment offers Acthar, an injectable biopharmaceutical drug for various indications, such as neurology, rheumatology, nephrology, and pulmonology; Ofirmev, an intravenous formulation of acetaminophen for pain management; Inomax for inhalation; Therakos, an immunotherapy treatment platform; and Exalgo, a form of hydromorphone. Its Specialty Generics segment provides specialty generic pharmaceuticals and active pharmaceutical ingredients (APIs) consisting of hydrocodone and hydrocodone-containing tablets; oxycodone and oxycodone-containing tablets; methylphenidate HCl extended-release tablets; and other controlled substances, including acetaminophen products. The company’s Nuclear Imaging segment offers Ultra-Technekow DTE, a Tc-99m radioisotope generator; and Octreoscan, a molecular imaging agent for the localization of primary and metastatic neuroendocrine tumors. Mallinckrodt public limited company markets its products to physicians, pharmacists, pharmacy buyers, hospital procurement departments, ambulatory surgical centers, specialty pharmacies, radiologists, and radiology technicians through wholesale drug and specialty pharmaceutical distributors, retail pharmacy chains, hospital networks, ambulatory surgical centers, and governmental agencies. It also sells and distributes APIs directly or through distributors to other pharmaceutical companies; and markets and distributes nuclear imaging products to radio-pharmacies and hospitals. The company is based in Chesterfield, the United Kingdom.

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 subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

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