SHREVEPORT, La., Aug. 7, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Amazon.com Inc. (Nasdaq:AMZN), Qualcomm Inc. (Nasdaq:QCOM), Gateway Inc. (NYSE:GTW), and ConocoPhillips (NYSE:COP).
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:
ALERT - Amazon.com Inc. (Nasdaq:AMZN) DonHarrold.Net Rating: Extremely Oversold http://www.donharrold.net/ratings/US/AMZN.php Qualcomm Inc. (Nasdaq:QCOM) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/QCOM.php Gateway Inc. (NYSE:GTW) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/GTW.php ConocoPhillips (NYSE:COP) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/COP.php
Amazon.com (NASDAQ:AMZN) closed recently at $27.29 with a volume of 102527 X 100. My current rating on AMZN is, "Extremely Oversold."
My "Extremely Oversold" rating is reserved for stocks that meet a specific set of criteria. These are stocks that are -- on a technical basis -- "oversold." To qualify as "Extremely Oversold," a stock's Stochastics and Relative Strength indicators must be in classic "oversold" positions. There are more proprietary factors I consider such as how moving averages are crossing and more.
If a stock is rated "Extremely Oversold," I believe the stock is significantly poised for either a move higher or a cessation of any recent price decreases. I like the term "entry point."
An "Extremely Oversold" stock represents a better time to buy than in recent past, 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.