Stock Market Ratings by StockPickReport.com for Corvis Corporation, Cendant Corp., Smartire Systems Inc., Boeing, Autodesk
SHREVEPORT, La.--May 29, 2003-- StockPickReport.Com (IARD#119079 - http://www.stockpickreport.com/?src=bw) makes these short-term stock recommendations:Corvis Corporation - WEAK BUY - http://pr.stockpickreport.com/CORV.htm
Cendant Corp. - WEAK BUY - http://pr.stockpickreport.com/CD.htm
Smartire Systems Inc. - SELL - http://pr.stockpickreport.com/SMTR.htm
Boeing - BUY - http://pr.stockpickreport.com/BA.htm
Autodesk - BUY - http://pr.stockpickreport.com/ADSK.htm
Corvis Corporation
StockPickReport.Com Rating: WEAK BUY
http://pr.stockpickreport.com/CORV.htm
Corvis Corporation designs, manufactures and sells high performance all-optical, electrical and optical communication systems that accelerate carrier revenue opportunities and lower the overall cost of network ownership for carriers.
The trend was to the upside for CORV in the last week or so. The near-term bias for CORV's daily volume seems to be getting stronger. CORV's prevailing pattern could soon be turned around, as argued by a reading of near-term stochastic figures.
Our research indicates possible upside from current prices for CORV. However, we do not advise the initiation of new long positions at these prices. Profit-taking may be ahead for CORV.
For clarification on how we rate CORV a WEAK BUY, please visit: http://pr.stockpickreport.com/CORV.htm.
Cendant Corp.
StockPickReport.Com Rating: WEAK BUY
http://pr.stockpickreport.com/CD.htm
Cendant Corp.'s principal activities are classified into five business segments: real estate services, hospitality, travel distribution, vehicle services, & financial services.
The stock's volume is moving up. Short-term oscillating stochastic readings argue that the current trade channel will shift bearing over the upcoming days. Investors should note that CD's end-of-day price moved higher during the most recent 5 day period.
Our research indicates possible upside from current prices for CD. However, we do not advise the initiation of new long positions at these prices. Profit-taking may be ahead for CD.
For clarification on how we rate CD a WEAK BUY, please visit: http://pr.stockpickreport.com/CD.htm.
Smartire Systems Inc.
StockPickReport.Com Rating: SELL
http://pr.stockpickreport.com/SMTR.htm
The group's principal activities are to develop and distribute tire monitoring systems designed for improved vehicles safety, performance, reliability and fuel efficiency. the group operates in United States and Europe.
Short-term stochastics reflect levels commonly associated with a move lower. At the same time, SMTR's closing price fell to lower territory since last week. Finally, daily volume looks like it's trending lower.
Our research indicates probable downside for SMTR from current prices. SMTR could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate SMTR a SELL, please visit: http://pr.stockpickreport.com/SMTR.htm.
Boeing
StockPickReport.Com Rating: BUY
http://pr.stockpickreport.com/BA.htm
Boeing is in the commercial airplane, military aircraft and missile system business.
Based on short-term stochastics, we believe the stock will be moving higher. BA's closing price moved higher over the last 5 day period. The short-term bias is getting stronger for BA's share volume.
Our research indicates probable upside for BA from current prices. BA 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 BA a BUY, please visit: http://pr.stockpickreport.com/BA.htm.
Autodesk
StockPickReport.Com Rating: BUY
http://pr.stockpickreport.com/ADSK.htm
Autodesk provides a broad range of totally integrated and interoperable design software, Internet portal services, wireless development platforms and point-of-location applications.
Based on short-term stochastics, we believe the stock will be moving higher. The stock's closing price is downward over the last week. The short-term direction is higher for the stock's daily volume.
Our research indicates probable upside for ADSK from current prices. ADSK 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 ADSK a BUY, please visit: http://pr.stockpickreport.com/ADSK.htm.
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.
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