SHREVEPORT, La., May 26, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates UnitedHealth Group Inc. (NYSE:UNH), Johnson & Johnson (NYSE:JNJ), Sanmina-sci Corp (Nasdaq:SANM), and Avanex Corporation (Nasdaq:AVNX).
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:
UnitedHealth Group Inc. (NYSE:UNH) DonHarrold.Net Rating: Weak Sell http://www.donharrold.net/ratings/US/UNH.php Johnson & Johnson (NYSE:JNJ) DonHarrold.Net Rating: Weak Buy http://www.donharrold.net/ratings/US/JNJ.php Sanmina-sci Corp (Nasdaq:SANM) DonHarrold.Net Rating: Weak Sell http://www.donharrold.net/ratings/US/SANM.php Avanex Corporation (Nasdaq:AVNX) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/AVNX.php
Avanex (Nasdaq:AVNX) closed recently at $1.90 with a volume of 34402 X 100. My current rating on AVNX is "Buy."
When I rate a stock "buy," it means that the momentum indicators I follow are in full swing. I see a "buy" stock as one that is usually already in the process of trending higher from previously oversold levels.
A "buy" 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 "Strong Buy" sometime in the recent past. Now, I'm waiting to see technical indications that the time to sell is near. The next rating along that path is a "Weak sell."
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