Trend Following Based on Algorithms: Return up to 20.58% in 7 Days

Trend Following

This Healthcare Stocks forecast is designed for investors and analysts who need predictions of the best-performing stocks within the Healthcare Sector (See Sector Package). It includes 20 stocks with bullish and bearish signals and indicates the best health care stocks to buy and sell:

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

Package Name: HealthCare Stocks
Forecast Length: 7 Days (02/09/16 – 02/16/16)
I Know First Average: 6.47%

Trend Following

The self-learning algorithm correctly predicted 8 out of 10 stocks to increase in the long position for this package on the 7-day time horizon starting February 9th. The top performing stock was SRPT with a 20.58% return, followed closely by NWBO with a return of 19.07%. KERX also did well this week with a return of 12.08%. This package brought an average return of 6.47% to I Know First investors while the S&P 500 returned 2.27% for the same time period.

Sarepta Therapeutics Inc (SRPT) biopharmaceutical company focusing on the research and development of RNA-based therapies used for the treatment of rare and infectious diseases. Sarepta shares recently dropped to a 52-week low, likely due to the announcement that the FDA set back the action date on a new drug from the company by 3 months. Investors are now acting based on the weakness of the stock and looking for a breakout from the stock.

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.