Stocks Under 50 Based on Algorithmic Trading: Returns up to 34.03% in 14 Days

Stocks Under 50

This forecast is part of the Stocks Under 50 Dollars Package, as one of I Know First’s forecast services. The full package includes daily stock predictions for a total of 20 Stocks Under 50 stocks with bullish and bearish signals:

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

Package Name: Stocks Under $50
Recommended Positions: Long
Forecast Length: 14 Days (6/21/2020 – 7/6/2020)
I Know First Average: 8.37%
Stocks Under 50
Stocks Under 50 chart

7 out of 10 stock prices in this forecast for the Stocks Under $50 Package moved as predicted by the algorithm. AXDX was the top performing prediction with a return of 34.03%. ARWR, and BVXV had notable returns of 19.03% and 17.07%. The overall average return in this Stocks Under $50 package was 8.37%, providing investors with a 5.72% premium over the S&P 500’s return of 2.65% during the same period.

Accelerate Diagnostics, Inc.  (AXDX)  is an in vitro diagnostic company founded in December 1982 and headquartered in Tuscon, Arizona.  The company develops and commercializes identification and antibiotic susceptibility instruments in the medical field.

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.