STV Stock – Quick Win: 31.25% Return in 7 Days
STV Stock
China Digital TV Holding Co. (STV) was a top stock pick based on predictive algorithm recommended to I Know First subscribers on July 9th for the 7 day time horizon. STV had a signal of 343.96 and a predictability of 0.2. In accordance with the algorithm, the company reported short-term capital gains of 31.25%.
STV was part of the stock forecast that can be found in the “Small Cap” Package.
This stock market forecast includes the best stocks determined by the algorithm with a market capitalization of less than a billion dollars.
- 10 Best Small Cap stocks for the long position
- 10 Best Small Cap stocks for the short position
China Digital TV Holding Co. (STV) is the leading provider of conditional access (CA) systems to the digital television market in the People’s Republic of China. Conditional access systems prevent access to unauthorized content through the use of smart cards and software for set-top boxes that connect televisions to an external signal to transmit encrypted information into what people see on television.
STV, shrouded in bad news as of late, has finally started looking up. Following their end-of-May announcement that they changed Auditors, they ended June with the announcement of the resignation of both the CEO and CTO. Reassurance finally came from news that founder Jianhua Zhu will take over as CEO, and that the venture capital company handling their asset restructuring received approval in principle from the Ministry of Commerce. The stock has found itself on the upswing, closing higher each day during the 7 day period predicted by the algorithm. Reassurance from the founder stepping in as CEO coupled with the asset restructure update allowed the market the confidence it needed to push China Digital TV Holding’s stock prices back up from rock bottom prices.
Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
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