Stock Market Ratings by StockPickReport.com for Corvis Corporation, Cendant Corp, Smartire Systems Inc., Boeing, Autodesk
SHREVEPORT, La.--June 19, 2003-- StockPickReport.Com (IARD#119079 - http://www.stockpickreport.com/?src=bw) makes these short-term stock recommendations:Corvis Corporation - SELL - http://pr.stockpickreport.com/CORV.htm
Cendant Corp - STRONG SELL - http://pr.stockpickreport.com/CD.htm
Smartire Systems Inc. - SELL - http://pr.stockpickreport.com/SMTR.htm
Boeing - STRONG SELL - http://pr.stockpickreport.com/BA.htm
Autodesk - WEAK BUY - http://pr.stockpickreport.com/ADSK.htm
Corvis Corporation
StockPickReport.Com Rating: SELL
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 stock's closing price descended to lower ground recently. Meanwhile, short-term stochastics reflect levels commonly associated with a move lower. Finally, daily volume is getting weaker.
Our research indicates probable downside for CORV from current prices. CORV could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate CORV a SELL, please visit: http://pr.stockpickreport.com/CORV.htm.
Cendant Corp
StockPickReport.Com Rating: STRONG SELL
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 price moved higher for CD over the last week or so. Furthermore, the stochastics chart for CD persuades our technical analysts there is probably powerful downward price movement in the coming days. Lastly, the recent direction for CD's daily volume looks like it's on the rise.
Our research indicates significant downside ahead for CD. We believe stop/losses should be raised in an attempt to preserve capital.
For clarification on how we rate CD a STRONG SELL, 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.
SMTR investors should note that SMTR's closing price fell to lower ground in the last week or so. And, short-term stochastics reflect levels commonly associated with a move lower. Lastly, the short-term direction seems to be lower regarding SMTR's share volume.
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: STRONG SELL
http://pr.stockpickreport.com/BA.htm
Boeing is in the commercial airplane, military aircraft and missile system business.
Volume seems to be getting stronger. Furthermore, our researchers are of the opinion that BA will step to lower levels based on the newest near-term stochastic mark. In conclusion, BA traders should note that the stock's closing price trended upward during the last week or so.
Our research indicates significant downside ahead for BA. We believe stop/losses should be raised in an attempt to preserve capital.
For clarification on how we rate BA a STRONG SELL, please visit: http://pr.stockpickreport.com/BA.htm.
Autodesk
StockPickReport.Com Rating: WEAK 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.
ADSK traders should note that the stock's closing price edged up during the week-over-week period. And, our reading of the stock's stochastic signals indicate that a protracted move in the direction of the recent trade-channel will not be as likely as a reversal for ADSK in the near future. Lastly, daily volume is slowing down.
Our research indicates possible upside from current prices for ADSK. However, we do not advise the initiation of new long positions at these prices. Profit-taking may be ahead for ADSK.
For clarification on how we rate ADSK a WEAK 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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