SHREVEPORT, La., Aug. 7, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Qwest Cmmnctns Intl. Inc. (NYSE:Q), eBay Inc. (Nasdaq:EBAY), PMC-Sierra Inc. (Nasdaq:PMCS), and Chesapeake Energy Corp (NYSE:CHK).
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:
Qwest Cmmnctns Intl. Inc. (NYSE:Q) DonHarrold.Net Rating: Slightly Oversold http://www.donharrold.net/ratings/US/Q.php eBay Inc. (Nasdaq:EBAY) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/EBAY.php PMC-Sierra Inc. (Nasdaq:PMCS) DonHarrold.Net Rating: Extremely Oversold http://www.donharrold.net/ratings/US/PMCS.php Chesapeake Energy Corp (NYSE:CHK) DonHarrold.Net Rating: Extremely Overbought http://www.donharrold.net/ratings/US/CHK.php
Qwest Cmmnctns Intl. Inc. (NYSE:Q) closed recently at $8.72 with a volume of 129044 X 100. My current rating on Q is, "Slightly Oversold."
A "Slightly Oversold" stock is one that I think will probably move higher, yet the uptrend should be minimal at this point. If you hold the stock and are worried about a move lower, a "Slightly Oversold" could be an "early warning" of a slowing of any recent upward momentum.
The "Slightly Oversold" rating is tricky, though. There are mixed signals that at once show the stock is going higher still, but could stop the rise anytime. It's a signal that says, "Be ready for a change of character."
My least favorite ratings are the "Slightly Oversold" or "Slightly Overbought."
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