DonHarrold.net (IARD No. 119079, www.donharrold.net), rates Pfizer Inc (NYSE:PFE), Powerwave Technologies (Nasdaq:PWAV), Pmc-sierra Inc. (Nasdaq:PMCS), and Washington Mutual Inc. (NYSE:WM). 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: Buy http://www.donharrold.net/ratings/US/PFE.php Powerwave Technologies (Nasdaq:PWAV) DonHarrold.Net Rating: Buy http://www.stockpickreport.com/abrating.php?sym=PWAV Pmc-sierra Inc. (Nasdaq:PMCS) DonHarrold.Net Rating: Sell http://www.stockpickreport.com/abrating.php?sym=PMCS Washington Mutual Inc. (NYSE:WM) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/WM.php
DonHarrold.net Commentary -- April 28, 2006
I've rated Pfizer (NYSE:PFE) a buy for the last 7 trading days. I am reiterating that "Buy" rating today. However, the recent trend is one of sideways and consolidation, so the upside may be downstream. Momentum indicators like Stochastics and RSI are tightening, so look for possible volatility going forward.
When I rate a stock "buy", it means that the momentum indicators I follow are in full swing. I see a "buy" stock as one that is usually already in the process of trending higher from previously oversold levels.
A "buy" rated stock is one that I would want to buy. I'd be more inclined to buy it than wait for it to to drop lower before I considered picking up any shares.
This is a stock that would have -- most likely -- been rated "Strong Buy" sometime in the recent past. Now, I'm waiting to see technical indications that the time to sell is near. The next rating along that path is a "Weak sell."
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