SHREVEPORT, La., May 31, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net) rates Sun Microsystems Inc. (Nasdaq:SUNW), Brocade Communications (Nasdaq:BRCD), Wachovia Corp (NYSE:WB), and Schering-Plough Corp (NYSE:SGP).
DonHarrold.net provides unbiased stock ratings from registered investment advisors. DonHarrold.net issues daily market commentary and features a member's area with detailed information on widely held stocks.
Important Stock rating Changes:
Sun Microsystems Inc (Nasdaq:SUNW) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/SUNW.php Brocade Communications (Nasdaq:BRCD) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/BRCD.php Wachovia Corp (NYSE:WB) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/WB.php Schering-Plough Corp (NYSE:SGP) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/SGP.php
Schering-Plough (NYSE:SGP) closed recently at $19.01 with a volume of 53174 X 100. My current rating on SGP is, "Sell."
When I rate a stock "Sell," it means that the momentum indicators I follow are in full swing. I see a "Sell" stock as one that is usually already in the process of trending lower from previously overbought levels.
A "Sell" rated stock is one that I would not want to buy. I'd be more inclined to wait for a "Sell" rated stock to drop lower before I considered picking up any shares.
This is a stock that would have -- most likely -- been rated "Strong Sell" sometime in the recent past. Now, I'm waiting to see technical indications that the time to buy is near. The next rating along that path is a "Weak Sell."
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