SHREVEPORT, La., Aug. 3, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Pfizer Inc. (NYSE:PFE), ConocoPhillips (NYSE:COP), ATI Technologies Inc. (Nasdaq:ATYT) and Barrick Gold Corp. (NYSE:ABX).
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:
Pfizer Inc. (NYSE:PFE)
DonHarrold.Net Rating: Overbought
http://www.donharrold.net/ratings/US/PFE.php
ConocoPhillips (NYSE:COP)
DonHarrold.Net Rating: Oversold
http://www.donharrold.net/ratings/US/COP.php
ATI Technologies Inc. (Nasdaq:ATYT)
DonHarrold.Net Rating: Overbought
http://www.donharrold.net/ratings/US/ATYT.php
Barrick Gold Corp. (NYSE:ABX)
DonHarrold.Net Rating: Slightly Oversold
http://www.donharrold.net/ratings/US/ABX.php
Pfizer Inc. (NYSE:PFE) closed recently at $25.61 with a volume of 602843 X 100 . My current rating on PFE is, "Overbought".
When I rate a stock "Overbought", it means that the momentum indicators I follow are in full swing. I see a "Overbought" stock as one that is usually already in the process of trending lower from previously overbought levels.
An "Overbought" rated stock is one that I would not want to buy. I'd be more inclined to wait for a "Overbought" rated stock to drop lower before I considered picking up any shares.
This is a stock that would have -- most likely -- been rated "Extremely Overbought" sometime in the recent past. Now, I'm waiting to see technical indications that the time to buy is near.
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