SHREVEPORT, La., June 8, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net) rates El Paso Corp. (NYSE:EP), Novell Inc. (Nasdaq:NOVL), Futuremedia Plc Adr (Nasdaq:FMDAY), and ADC Telecommunications Inc. (Nasdaq:ADCT)
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Important Stock rating Changes:
El Paso Corp. (NYSE:EP) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/EP.php Novell Inc. (Nasdaq:NOVL) DonHarrold.Net Rating: Weak Sell http://www.donharrold.net/ratings/US/NOVL.php Futuremedia Plc Adr (Nasdaq:FMDAY) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/FMDAY.php ADC Telecommunications Inc. (Nasdaq:ADCT) DonHarrold.Net Rating: Weak Sell http://www.donharrold.net/ratings/US/ADCT.php
El Paso (NYSE:EP) closed recently at $14.92 with a volume of 41655 X 100. My current rating on EP 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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