SHREVEPORT, La., Aug. 3, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Sun Microsystems Inc. (Nasdaq:SUNW), Merck & Co. (NYSE:MRK), Alcoa Inc. (NYSE:AA) and Xilinx Inc. (Nasdaq:XLNX).
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:
Merck & Co. (NYSE:MRK)
DonHarrold.Net Rating: Extremely Overbought
http://www.donharrold.net/ratings/US/MRK.php
Sun Microsystems Inc. (Nasdaq:SUNW)
DonHarrold.Net Rating: Overbought
http://www.donharrold.net/ratings/US/SUNW.php
Alcoa Inc. (NYSE:AA)
DonHarrold.Net Rating: Extremely Oversold
http://www.donharrold.net/ratings/US/AA.php
Xilinx Inc. (Nasdaq:XLNX)
DonHarrold.Net Rating: Overbought
http://www.donharrold.net/ratings/US/XLNX.php
Merck and Co. (NYSE:MRK) closed recently at $41.03 with a volume of 88078 X 100 . My current rating on MRK is, "Extremely Overbought".
My "Extremely Overbought" rating is reserved for stocks that meet a specific set of criteria. These are stocks that are -- on a technical basis -- "rolling over". To qualify as "Extremely Overbought", a stock's Stochastics and Relative Strength indicators must be in classic "overbought" positions. There are more proprietary factors I consider, such as how moving averages are crossing and more.
If a stock is rated "Extremely Overbought", I believe the stock is significantly poised for either a move lower or a cessation of any recent price increases. I like the term "exit point".
A "Extremely Overbought" stock represents a time to sell based on my reading of technical indicators.
About DonHarrold.net: DonHarrold.net is a stock research firm. Their daily commentary is regular and distributed worldwide. They are Registered Investment Advisors. They do not accept third-party compensation to make stock suggestions.