SHREVEPORT, La., June 3, 2003 (PRIMEZONE) -- StockPickReport.Com makes these short-term stock recommendations:
Abitibi-Consolidated Inc (TSE:A) StockPickReport.Com Rating: BUY http://canada.stockpickreport.com/pr/A.htm
Abitibi-Consolidated is a diamond exploration company which has interests in a number of exploration properties in Canada and the United States.
The general direction was to higher ground for the stock recently. Also, daily volume is slowing down. Finally, based on short-term stochastics, we believe the stock will be moving higher. Our research indicates probable upside for A from current prices. A 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 A a BUY, please visit:http://canada.stockpickreport.com/pr/A.htm.
Transcanada Pipelines Ltd (TSE:TRP) StockPickReport.Com Rating: BUY http://canada.stockpickreport.com/pr/TRP.htm
TRANSCANADA PIPELINES is an energy company focused on natural gas transmission and power services.
Based on short-term stochastics, we believe the stock will be moving higher.. Prices climbed upward for trp over the last week or so. In conclusion, trading volume looks like it's picking up. Our research indicates probable upside for TRP from current prices. TRP 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 TRP a BUY, please visit:http://canada.stockpickreport.com/pr/TRP.htm.
Northern Orion Explorations Ltd. (TSE:NNO) StockPickReport.Com Rating: WEAK SELL http://canada.stockpickreport.com/pr/NNO.htm
NORTHERN ORION EXPLORATIONS acquires, explores and develops mineral properties in Latin America.
NNO's closing price descended to lower territory over the last week or so. Also, the recent bias for NNO's daily volume is on the way down. The stock is is at a turning point but should change direction in the coming days in accordance with near-term oscillating stochastic indicators. Our research indicates possible downside from current prices for NNO. However, we do not advise the opening of new short positions. Short-covering or an outright rally may be ahead for NNO.
For clarification on how we rate NNO a WEAK SELL, please visit:http://canada.stockpickreport.com/pr/NNO.htm.
Fort Knox Gold Resources Inc. (TSX Venture Exchange:FNX) StockPickReport.Com Rating: BUY http://canada.stockpickreport.com/pr/FNX.htm
FNX MINING COMPANY mines and explores.
Based on short-term stochastics, we believe the stock will be moving higher. The stock's closing price trended higher over the last 5 day period. Subsequently, daily volume looks like it's slowing down. Our research indicates probable upside for FNX from current prices. FNX 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 FNX a BUY, please visit:http://canada.stockpickreport.com/pr/FNX.htm.
Points International Ltd. (CDNX:PTS) StockPickReport.Com Rating: SELL http://canada.stockpickreport.com/pr/PTS.htm
The short-term bias looks to be moving down in regards to PTS's daily volume. Short-term stochastics reflect levels commonly associated with a move lower. Pts's price fell lower over the last week or so. Our research indicates probable downside for PTS from current prices. PTS could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate PTS a SELL, please visit:http://canada.stockpickreport.com/pr/PTS.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.