SHREVEPORT, La., April 5, 2006 (PRIMEZONE) -- StockPickReport.com (IARD #119079, http://www.stockpickreport.com), rates Level 3 (Nasdaq:LVLT), Finisar (Nasdaq:FNSR), St. Jude (NYSE:STJ), and BellSouth (NYSE:BLS).
StockPickReport.com provides unbiased stock ratings from registered investment advisors. StockPickReport offers subscription services for Swing traders, Day traders and Penny Stock Traders. StockPickReport.com issues daily market commentary and features a member's area with detailed information on over 12,000 stocks.
Important Stock rating Changes:
Level 3 Communications (Nasdaq:LVLT) -- SELL
http://www.stockpickreport.com/abrating.php?sym=LVLT
Finisar Corporation (Nasdaq:FNSR) -- SELL
http://www.stockpickreport.com/abrating.php?sym=FNSR
Saint Jude Medical (NYSE:STJ) -- WEAK BUY
http://www.stockpickreport.com/abrating.php?sym=
BellSouth Corporation (NYSE:BLS) -- SELL
http://www.stockpickreport.com/abrating.php?sym=BLS)
StockPickReport Commentary -- April 5, 2006
St. Jude is a stock I love. There are so many reasons. Take, the fact that Wilder's RSI, Stochastics, and MACD all indicate the stock price is at clearly oversold levels. You could use the term "hammered" actually.
I also love the fact that STJ sits atop a multi-year level of support. A chart of STJ back to 2003 shows a nice line that STJ bounces off of periodically.
Then apply the fact that volume is pouring into STJ during the recent sell off and current "basing out."
Man, I love STJ.
But I just hate the market right now, too many overbought stocks, way too many. STJ is an aberration in the current market environment.
So I like STJ as a hedge against a weakening market. I think STJ can outperform and outright beat the market. If you are like me, and you hate the market right now STJ could be a stock to love.
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All commentary is written by StockPickReport staff or contracted writers and analysts.
What These Ratings Mean: StockPickReport.Com ranks stocks with technical analysis. These ratings do not indicate a long term view. These ratings reflect an opinion for the short term. These ratings may change based on market conditions.
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If the links above do not work, use these:
Nortel (NYSE:NT) -- BUY
http://www.donharrold.net/stocks/pr/NT.php
Qwest Communications International Inc (NYSE:Q) -- SELL
http://www.donharrold.net/stocks/pr/Q.php
Coeur d'Alene Mines Corporation (NYSE:CDE) -- SELL