Top Stocks Under $10: Up To 22.85% (Short) Return In 7 Days
Top Stocks Under $10
This forecast is part of the “Stocks Under 10 Dollars” package, as one of I Know First’s algorithmic trading tools. It includes 20 stocks with bullish and bearish signals and indicates the best stocks under 10 dollars to buy:
- Top 10 stocks for the long position
- Top 10 stocks for the short position
Package Name: Stocks Under 10 Dollars
Recommended Positions: Long and Short
Forecast Length: 7 Days (07/26/15 – 08/02/15)
I Know First Average: 5.26% (Long) and 7.23% (Short)
The Top Stocks Under $10 for both the long and the short position were included in the 7 Day forecast from 07/26/15 that was part of the “Stocks Under 10 Dollars” Package.
Advanced Micro Devices (AMD) had the best performance during the predicted time horizon with a steady return of 15.7%. Other stocks with impressive performances during the time horizon were Plug Power(PLUG) andChina Digital TV Holding Co. Ltd. (STV) with returns of 8.82% and 6.85%.
For the short position, ITT Educational Services Inc. (ESI) provided the largest returns to investors who shorted the stock during the predicted time period with a return of 22.85%. The average returns for the long and short positions were 5.26% and 7.33%, both of which easily beat the S&P 500 return of 1.16% during the same time period.
China Digital TV Holding Co., Ltd (STV) achieved decent results in this weeks 7 days forecast. The company provides conditional access systems to digital television subscribers in the Peoples Republic of China. These systems block unauthorized access to digital television networks. STV saw a boost in share price following their announcement that they received an approval in principle from the Ministry of Commerce regarding their asset restructuring with Shanghai Tongda Venture Capital Co., Ltd.
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.
