SHREVEPORT, L.A., Nov. 27, 2006 (PRIME NEWSWIRE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates General Electric (NYSE:GE), Exxon Mobil (NYSE:XOM), Hewlett Packard (NYSE:HPQ), and Home Depot (NYSE:HD) as "overbought."
Four Stocks We Rate as Overbought:
General Electric (NYSE:GE) -- http://www.donharrold.net/ratings/US/GE.php Exxon Mobil (NYSE:XOM) -- http://www.donharrold.net/ratings/US/XOM.php Hewlett Packard (NYSE:HPQ) -- http://www.donharrold.net/ratings/US/HPQ.php Home Depot (NYSE:HD) -- http://www.donharrold.net/ratings/US/HD.php
Discussion of our "Overbought" Rating:
When we rate a stock "Overbought," it means the momentum indicators we follow are in full swing. We see an "Overbought" stock as usually already in the process of trending lower.
An "Overbought" rated stock is one we would not buy. We'd be more inclined to wait for an "Overbought" rated stock to drop lower before we considered picking up any shares.
These are stocks that would have -- most likely -- been rated "Extremely Overbought" sometime in the recent past. Now, we're waiting to see technical indications that the time to buy is near.
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.