Oct 19, 2010

Stock recommendations today

Several securities companies share their views and recommendations on which stocks to buy or sell in today\'s trading. What are they? Here are recommendations as reported by Bisnis.com today:

Panin Sekuritas:
The slump in regional gauges and falling commodity prices gave negative sentiment to the movement of Jakarta Composite Index (JCI) yesterday until it lost 0.84% to IDR3,566.918 inthe closing session. Market yesterday was tightly influenced by the news of Pertamina\'s acquisition over MEDC. Today’s trading is expected to stay under the pressure. Investors will use this weakening momentum to take profit. The index may move between 3,532–3,579.

Trimegah Securities:
As negative sentiment swept regional indeces, JCI continued to have correction as it slipped 0.8%. Following the dead cross stochastic, the opportunity to experience further correction is there yet with expected support level at 3,537, which may sustain the index from further drop. Today, JCI is likely to move between 3,537–3,570 with KLBF and TLKM as the recommended shares. 

Disclosure: No position at the stock mentioned above.

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