StockPickReport.com Announces Stock Evaluation Ratings for Brocade Communications, The Gap, General Motors, Mercury Interactive and National Semiconductor
SHREVEPORT, La.--March 7, 2003--StockPickReport.Com (IARD#119079 - http://www.stockpickreport.com/?src=bw) makes these short-term stock recommendations:Brocade Communications Systems - BUY -
http://pr.stockpickreport.com/BRCD.htm
The Gap - SELL -
http://pr.stockpickreport.com/GPS.htm
General Motors - SELL -
http://pr.stockpickreport.com/GM.htm
Mercury Interactive - SELL -
http://pr.stockpickreport.com/MERQ.htm
National Semiconductor - SELL -
http://pr.stockpickreport.com/NSM.htm
Brocade Communications Systems
StockPickReport.Com Rating: BUY (4)
http://pr.stockpickreport.com/BRCD.htm
Brocade Communications Systems provides a product family of fibre channel fabric switches. These switches provide an intelligent networking foundation for storage area networks.
Our technical analysts believe the stock should continue the recent market trend and see elevated prices, in accordance with BRCD's new near-term stochastic chart. Also, it's closing-price stepped beyond recent levels throughout the last few weeks based on it's near-term average of the 3-week closing-price average. Lastly, the short-term number of shares traded for the stock moved less than previous levels during the last number of days. In our opinion, StockPickReport.Com research indicates a "long" strategy (selling puts, buying calls, closing short positions, or outright buying BRCD) at current levels offers traders a nice chance for a profitable trade.
The Gap
StockPickReport.Com Rating: SELL (-2)
http://pr.stockpickreport.com/GPS.htm
The Gap, Inc. is a global specialty retailer that operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands.
The stock's end-of-day price stepped higher over the previous couple of sessions as evidenced by the short-term moving average of it's 3-week closing-price moving average. And, technical analysis shows that the stock's 3-week daily-average of trading volume trended higher over the last week. Finally, our researchers are of the opinion that GPS should, more likely than not, commence a change of course as predicted by GPS's current short-term stochastic index. In our opinion, StockPickReport.Com research indicates a "short-sell" strategy (buying puts, selling calls, short-selling, or outright selling of GPS) at current levels is the logical move at this time.
General Motors
StockPickReport.Com Rating: SELL (-2)
http://pr.stockpickreport.com/GM.htm
General Motors , the world's largest vehicle manufacturer, designs, builds and markets cars and trucks worldwide, and has been the global automotive sales leader since 1931.
Our technical analysis finds that GM's 3-week moving-average of shares-traded trended up over the prior seven-day period. Next, we hold the opinion that the stock will see a reversal in tone in conjunction with GM's recent near-term stochastic index. Lastly, it's closing-price ascended up during the most-recent few market sessions as evidenced by the 1-week average of the longer-term closing- price average. In our opinion, StockPickReport.Com research indicates a "short-sell" strategy (buying puts, selling calls, short-selling, or outright selling of GM) at current levels is the logical move at this time.
Mercury Interactive
StockPickReport.Com Rating: SELL (-2)
http://pr.stockpickreport.com/MERQ.htm
Mercury Interactive develops, markets, and supporst a family of automated client/server and web based test tools.
Traders that hold shares of MERQ should notice that the stock's price climbed throughout the previous few weeks based on its weekly moving average of its longer term moving average. Meanwhile, MERQ traders could find it valuable to note that the stock's daily average volume stepped up since the week-ago period. In conclusion, our technical analysts are of the opinion that MERQ will see a transformation in course as indicated by the new short-term stochastic analysis. In our opinion, StockPickReport.Com research indicates a "short-sell" strategy (buying puts, selling calls, short-selling, or outright selling of MERQ) at current levels is the logical move at this time.
National Semiconductor
StockPickReport.Com Rating: SELL (-8)
http://pr.stockpickreport.com/NSM.htm
National Semiconductor Corp. designs, develops, manufactures and markets a wide array of semiconductor products, including a broad line of analog, mixed-signal and other integrated circuits.
The stock's end-of-day price 15-period rate-of-change average climbed to elevated territory since last week; technically speaking, our analysts think that this is positive information for traders who sold puts. Also, analysis shows NSM's daily trading volume continues to grow. Subsequently, our technical analysts anticipate the stock will drift lower as indicated by the recent short-term stochastic reading. In our opinion, StockPickReport.Com research indicates a "short-sell" strategy (buying puts, selling calls, short-selling, or outright selling of NSM) at current levels is the logical move at this time.
WHAT THESE RATINGS MEAN:
StockPickReport.Com ranks stocks with a proprietary unbiased system of technical analysis. These ratings do not indicate a "long term" view of any company listed. These are ratings that reflect our opinion of a stock's potential price movement over the next five to ten trading sessions. The stock ratings range from +10 (which indicates our view that a stock has a great chance to move higher) to - 10 (which indicates our belief that a stock has a great chance to move lower). These ratings may change based on daily market conditions.
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. StockPickReport.Com's goal is to provide stock research FREE from bias or conflicts. You can get your FREE trial to StockPickReport.Com at http://www.stockpickreport.com/?src=bw