SHREVEPORT, La., June 3, 2003 (PRIMEZONE) -- StockPickReport.Com makes these short-term stock recommendations:
Air Canada (TSE:AC) StockPickReport.Com Rating: BUY http://canada.stockpickreport.com/pr/AC.htm
AIR CANADA is a Canadian-based international air carrier, providing scheduled & charter air transportation for passengers & cargo.
Prices climbed higher for AC during the last week or so. Ac's volume appears to be trending higher. In conclusion, based on short-term stochastics, we believe the stock will be moving higher. Our research indicates probable upside for AC from current prices. AC 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 AC a BUY, please visit:http://canada.stockpickreport.com/pr/AC.htm
Battery Technologies Inc. (TSE:BTI) StockPickReport.Com Rating: WEAK SELL http://canada.stockpickreport.com/pr/BTI.htm
BATTERY TECHNOLOGIES develops and extensively patents unique technology for the production of low cost, long-lasting rechargeable batteries.
BTI traders might want to note that the stock's closing price fell to lower territory in the last 5 day period. The short-term direction for the stock's volume seems to be trending higher. Finally, near-term stochastic charts argue that the prevailing trend could change direction over the upcoming trading days. Our research indicates possible downside from current prices for BTI. However, we do not advise the opening of new short positions. Short-covering or an outright rally may be ahead for BTI.
For clarification on how we rate BTI a WEAK SELL, please visit:http://canada.stockpickreport.com/pr/BTI.htm
ATI Technologies Inc. (TSE:ATY) StockPickReport.Com Rating: BUY http://canada.stockpickreport.com/pr/ATY.htm
ATI TECHNOLOGIES designs, manufactures and markets multimedia solutions and graphics components for the personal computer, digitaltv and consumer electronics appliance markets.
Prices moved higher for ATY in the last week or so. Moreover, the near-term trend looks to be higher for ATY's daily volume. Lastly, based on short-term stochastics, we believe the stock will be moving higher. Our research indicates probable upside for ATY from current prices. ATY 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 ATY a BUY, please visit:http://canada.stockpickreport.com/pr/ATY.htm
Telus Corp (TSE:T) StockPickReport.Com Rating: STRONG SELL http://canada.stockpickreport.com/pr/T.htm
TELUS CORPORATION provides a full range of communications services.
The recent direction for the stock's daily volume appears to be on the rise. Furthermore, the short-term stochastic chart for T leads our analysts to believe there should be important downward movement in the near future. Finally, the trend was to higher ground for T in the last week or so. Our research indicates significant downside ahead for T. We believe stop/losses should be raised in an attempt to preserve capital.
For clarification on how we rate T a STRONG SELL, please visit:http://canada.stockpickreport.com/pr/T.htm
Iamgold Corp (TSE:IMG) StockPickReport.Com Rating: SELL http://canada.stockpickreport.com/pr/IMG.htm
IAMGOLD CORPORATION acquires, explores and develops precious metal properties in Africa and SouthAmerica.
The near-term direction is weaker regarding IMG's volume. Short-term stochastics reflect levels commonly associated with a move lower. The bias was to lower levels for img lately. Our research indicates probable downside for IMG from current prices. IMG could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate IMG a SELL, please visit:http://canada.stockpickreport.com/pr/IMG.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.