SHREVEPORT, La., May 30, 2003 (PRIMEZONE) -- StockPickReport.Com makes these short-term stock recommendations:
Kinross Gold Corp (TSX:K) StockPickReport.Com Rating: SELL http://canada.stockpickreport.com/pr/K.htm
KASTEN CHASE APPLIED RESEARCH LIMITED provides security solutions to protect data, to enable business-critical applications and to secure IT infrastructure for customers in government, financial services and health care.
Short-term stochastics reflect levels commonly associated with a move lower. Incidentally, the stock's price moved to higher territory in the last week. The short-term trend is slowing down for K's volume. Our research indicates probable downside for K from current prices. K could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate K a SELL, please visit: http://canada.stockpickreport.com/pr/K.htm
ENCANA CORP (TSX:ECA) StockPickReport.Com Rating: STRONG SELL http://canada.stockpickreport.com/pr/ECA.htm
ENCANA CORPORATION is involved in the acquisition, exploration and development of natural gas, crude oil and natural gas liquids.
ECA's volume seems to be losing momentum. Incidentally, ECA's near-term stochastic number predicts a move lower. The trend was higher for ECA of late. Our research indicates significant downside ahead for ECA. We believe stop/losses should be raised in an attempt to preserve capital.
For clarification on how we rate ECA a STRONG SELL, please visit: http://canada.stockpickreport.com/pr/ECA.htm
Sun Life Finl Svcs Cda Inc (TSX:SLF) StockPickReport.Com Rating: STRONG BUY http://canada.stockpickreport.com/pr/SLF.htm
SUN LIFE FINANCIAL SERVICES OF CANADA INC. is a financial services company providing a wide range of savings, retirement, pension and life and health insurance product and services to individual and corporate customers.
Today should give investors a logical entry spot to enter new long positions, as predicted by SLF's recent stochastics chart. Meanwhile, the stock's end-of-day price moved upward over the last week or so. Subsequently, SLF's volume is on the way up. Our research indicates significant upside ahead for SLF. We believe targets should be lifted to allow for strong percent gains from current levels.
For clarification on how we rate SLF a STRONG BUY, please visit: http://canada.stockpickreport.com/pr/SLF.htm
Canadian Imperial Bank Of Commerce (TSX:CM) StockPickReport.Com Rating: BUY http://canada.stockpickreport.com/pr/CM.htm
CANADIAN IMPERIAL BANK OF COMMERCE provides personal and commercial banking, wealth management and corporate and investment banking services and products to individual and business customers in Canada and around the world.
CM traders might want to note that CM's closing price headed higher in the most recent 5 day period. And, the recent trend for the stock's volume is losing momentum. Based on short-term stochastics, we believe the stock will be moving higher. Our research indicates probable upside for CM from current prices. CM could see gains from here but those gains may not be striking on a percent basis compared to a stock with a Strong Buy rating.
For clarification on how we rate CM a BUY, please visit: http://canada.stockpickreport.com/pr/CM.htm
Shoppers Drug Mart Corp (TSX:SC) StockPickReport.Com Rating: BUY http://canada.stockpickreport.com/pr/SC.htm
SHOPPERS DRUG MART CORPORATION is a retail drug store group. The company has over 836 licensed drug stores located in everyprovince and two territories.
Based on short-term stochastics, we believe the stock will be moving higher. Likewise, SC's end-of-day price climbed to higher ground week-over-week. Daily volume looks like it's slowing down. Our research indicates probable upside for SC from current prices. SC could see gains from here but those gains may not be striking on a percent basis compared to a stock with a Strong Buy rating.
For clarification on how we rate SC a BUY, please visit: http://canada.stockpickreport.com/pr/SC.htm
WHAT THESE RATINGS MEAN:
StockPickReport.Com uses a series of technical indicators to find stock moves before they happen. We use a scale of -10 to +10 to describe our opinion about the potential strength of a stock's upcoming move. Here is a guide for how to read our ratings:
+10 to +5 - We believe that the stock has a greater than average chance +to move higher.
+4 to +1 - We believe the stock has a good chance to move higher, +although the move may not be strong or long-lived. Many times +divergent indicators lead to a rating in this category.
-1 to -4 - We believe the stock has a good chance to move lower, although the move may not be strong or long-lived. Many times divergent indicators lead to a rating in this category.
-5 to -10 - We believe that the stock has a greater than average chance to move lower.
ABOUT StockPickReport.Com:
StockPickReport.Com is a stock research firm. Our daily commentary has regular, worldwide distribution. We are Registered Investment Advisors. We do not accept third-party compensation to make stock suggestions. We do not own shares of any stock we rate.
Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited.