SHREVEPORT, La., May 31, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Home Depot Inc. (NYSE:HD), Schlumberger Ltd. (NYSE:SLB), Peabody Energy (NYSE:BTU) and Gilead Sciences Inc. (NASDAQ:GILD).
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:
Home Depot Inc. (NYSE:HD) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/HD.php Schlumberger Ltd. (NYSE:SLB) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/SLB.php Peabody Energy (NYSE:BTU) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/BTU.php Gilead Sciences Inc. (Nasdaq:GILD) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/GILD.php
Home Depot Inc (NYSE:HD) closed recently at $37.70 with a volume of 115192 X 100. My current rating on HD 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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