SHREVEPORT, La., May 15, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Level 3 Communications (Nasdaq:LVLT), Exxon Mobil Corporation (NYSE:XOM), Wal-Mart Stores Inc. (NYSE:WMT), and Taiwan Semicond Mnfcg Co. (NYSE:TSM).
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:
Level 3 Communications (Nasdaq:LVLT)
DonHarrold.Net Rating: Sell
http://www.donharrold.net/ratings/US/LVLT.php
Exxon Mobil Corporation (NYSE:XOM)
DonHarrold.Net Rating: Sell
http://www.donharrold.net/ratings/US/XOM.php
Wal-Mart Stores Inc. (NYSE:WMT)
DonHarrold.Net Rating: Sell
http://www.donharrold.net/ratings/US/WMT.php
Taiwan Semicond Mnfcg Co. (NYSE:TSM)
DonHarrold.Net Rating: Weak Sell
http://www.donharrold.net/ratings/US/TSM.php
Level 3 Communications (Nasdaq:LVLT) closed recently at $5.01. My current rating on LVLT is, "Sell".
When I rate a stock "Sell", it means that the momentum indicators I follow are in full swing. I see a "Sell" stock as one that is usually already in the process of trending lower from previously overbought levels.
A "Sell" rated stock is one that I would not want to buy. I'd be more inclined to wait for a "Sell" rated stock to drop lower before I considered picking up any shares.
This is a stock that would have -- most likely -- been rated "Strong Sell" sometime in the recent past. Now, I'm waiting to see technical indications that the time to buy is near.
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