SHREVEPORT, La., May 8, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Sirius Satellite Radio (Nasdaq:SIRI), ConocoPhillips (NYSE:COP), Northgate Minerals Corp (AMEX:NXG), and Rite Aid Corp (NYSE:RAD).
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:
Sirius Satellite Radio (Nasdaq:SIRI) DonHarrold.Net Rating: Weak Sell http://www.donharrold.net/ratings/US/SIRI.php ConocoPhillips (NYSE:COP) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/COP.php Northgate Minerals Corp (AMEX:NXG) DonHarrold.Net Rating: Strong Sell http://www.stockpickreport.com/abrating.php?sym=NXG Rite Aid Corp (NYSE:RAD) DonHarrold.Net Rating: Weak Buy http://www.donharrold.net/ratings/US/RAD.php
My "Strong Sell" rating is reserved for stocks that meet a specific set of criteria. This rating is not a long-term rating, rather a short-term opinion that does not reflect on the underlying fundamentals of Northgate Minerals. If you are a long-term holder of the stock or believe Northgate Minerals' fundamentals warrant a "buy rating," understand that my opinion is meant to give traders or investors a look at the stock on a short-term basis and hopefully help them find an entry position at a better price than the close of Friday.
I believe NXG -- on a technical basis -- is "overbought." To qualify as a "Strong Sell," 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 "Strong Sell," 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 "Strong Sell" stock represents a time to Sell based on my reading of technical indicators.
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