SHREVEPORT, La., June 3, 2003 (PRIMEZONE) -- StockPickReport.Com makes these short-term stock recommendations:
BCE Inc. (TSE:BCE) StockPickReport.Com Rating: STRONG SELL http://canada.stockpickreport.com/pr/BCE.htm
BCE INC. is a communications company that provides connections through wireline, wireless, data/Internet and satellite services, largely under the Bell brand.
BCE's stochastic number implies the stock should be positioned for a trend below current levels. The stock's closing price edged higher over the last week or so. The recent bias for the stock's volume seems to be moving up. Our research indicates significant downside ahead for BCE. We believe stop/losses should be raised in an attempt to preserve capital.
For clarification on how we rate BCE a STRONG SELL, please visit:http://canada.stockpickreport.com/pr/BCE.htm
Royal Bk Cda Montreal Que (TSE:RY) StockPickReport.Com Rating: SELL http://canada.stockpickreport.com/pr/RY.htm
THE ROYAL BANK OF CANADA provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services.
Short-term stochastics reflect levels commonly associated with a move lower. At the same time, the trend has been to the downside for RY in the last week or so. Lastly, the short-term trend for RY's daily volume looks like it's on the rise. Our research indicates probable downside for RY from current prices. RY could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate RY a SELL, please visit:http://canada.stockpickreport.com/pr/RY.htm
Suncor Energy Inc (TSE:SU) StockPickReport.Com Rating: STRONG SELL http://canada.stockpickreport.com/pr/SU.htm
SUNCOR ENERGY is a Canada-based integrated energy company that explores for, produces, and markets crude oil and natural gas; refines crude oil; and markets petroleum and petrochemical products.
The short-term direction seems to be losing momentum regarding SU's daily volume. Meanwhile, the most recent stochastic value for SU leads our analysts to believe there is probably significant downside price movement in the coming days. In conclusion, the stock's price trended to higher levels over the last 5 day period. Our research indicates significant downside ahead for SU. We believe stop/losses should be raised in an attempt to preserve capital.
For clarification on how we rate SU a STRONG SELL, please visit:http://canada.stockpickreport.com/pr/SU.htm
Miramar Mining Corporation (TSX Venture Exchange:MAE) StockPickReport.Com Rating: SELL http://canada.stockpickreport.com/pr/MAE.htm
MIRAMAR MINING CORPORATION is a gold mining company focused on operating and exploring in the Canadian North.
The near-term trend appears to be on the rise for MAE's daily volume. Short-term stochastics reflect levels commonly associated with a move lower. The stock's price trended lower over the last week or so. Our research indicates probable downside for MAE from current prices. MAE could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate MAE a SELL, please visit:http://canada.stockpickreport.com/pr/MAE.htm
Alcan Inc. (TSX:AL) StockPickReport.Com Rating: BUY http://canada.stockpickreport.com/pr/AL.htm
ALCAN INC. is a multinational aluminum and packaging company.
The short-term bias is moving up for the stock's volume. Furthermore, based on short-term stochastics, we believe the stock will be moving higher. The stock's price climbed upward for al during the most recent 5 day period. Our research indicates probable upside for AL from current prices. AL 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 AL a BUY, please visit:http://canada.stockpickreport.com/pr/AL.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.