SHREVEPORT, La., Aug. 7, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates NASDAQ 100 Index Tracking Stock ETF (Nasdaq:QQQQ), Lucent Technologies Inc. (NYSE:LU), Merck & Co. (NYSE:MRK), and Hewlett-Packard Co. (NYSE:HPQ).
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:
NASDAQ 100 Index Tracking Stock ETF (Nasdaq:QQQQ) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/QQQQ.php Lucent Technologies Inc. (NYSE:LU) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/LU.php Merck & Co. (NYSE:MRK) DonHarrold.Net Rating: Slightly Oversold http://www.donharrold.net/ratings/US/MRK.php Hewlett-Packard Co. (NYSE:HPQ) DonHarrold.Net Rating: Slightly Oversold http://www.donharrold.net/ratings/US/HPQ.php
NASDAQ 100 Index Tracking Stock ETF (NASDAQ:QQQQ) closed recently at $36.95 with a volume of 1235047 X 100. My current rating on QQQQ is, "Oversold."
When I rate a stock "Oversold," it means that the momentum indicators I follow are in full swing. I see an "Oversold" stock as one that is usually already in the process of trending higher from previously oversold levels.
An "Oversold" rated stock is one that I would want to BUY. I'd be more inclined to buy it than wait for it to drop lower before I considered picking up any shares.
This is a stock that would have -- most likely -- been rated "Extremely Oversold" sometime in the recent past. Now, I'm waiting to see technical indications that the time to sell is near.
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