9/4/2023 0 Comments Quant stock priceAnd consequently, it triggered a breakout alert on a tiny oil drilling firm – KLX Energy Services ( KLXE) – in early August. Our model also picked up on the huge tailwinds building in the energy sector. It wasn’t just biotech stocks that our model triggered breakout alerts on in August. Over the next five months, the stock surged 385% higher! It triggered a breakout alert on that stock in early August, too. That same month, the model also sensed positive price momentum building in another small biotech stock, Terns Pharmaceuticals ( TERN). But our model picked up on some promising price trend signals and showed the stock was on the cusp of a big breakout.Īfter that signal, Immunovant stock soared 365% in just five months! The stock had been languishing in no-man’s land for a few months. Its first big win came in early August, when the model triggered a breakout alert on a small-cap biotech by the name of Immunovant ( IMVT). From August into the end of the year, the S&P 500 dropped 7%.īut our model was regularly identifying breakout stocks for triple-digit returns in a matter of months. The stock market did sink in the second half of 2022. Our Quant Trading Model’s Breakout Success It ended up doing so much more than that. We thought that at the very least, it would beat the market in the second half of the year and deliver a positive return, even if the broader market continued to sink. Considering our very promising back-test results, we were optimistic that the model would perform strongly. We beta-launched that quantitative model in August 2022.
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