SHREVEPORT, La., May 21, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Microsoft Corp (Nasdaq:MSFT), Lucent Technologies Inc (NYSE:LU), Finisar Corporation (Nasdaq:FNSR), and Amgen Inc (Nasdaq:AMGN)
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:
Microsoft Corp (Nasdaq:MSFT) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/MSFT.php Lucent Technologies Inc (NYSE:LU) DonHarrold.Net Rating: Strong Buy http://www.donharrold.net/ratings/US/LU.php Finisar Corporation (Nasdaq:FNSR) DonHarrold.Net Rating: Weak Sell http://www.donharrold.net/ratings/US/FNSR.php Amgen Inc (Nasdaq:AMGN) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/AMGN.php
My rating is for the Short Term. My rating is not meant to reflect a long-term investment strategy. I do not comment here on whether Amgen is a "good company" or whether AMGN will be a good long-term investment. This rating is for investors or traders looking for Short-Term guidance on entry and exit positions. I do not own AMGN and I have no short positions. I do not guarantee that AMGN will go down. This rating is simply my opinion based on the time-tested indicators of Stochastics and Relative Strength.
Amgen (Nasdaq:AMGN) closed recently at $67.69. My current rating on AMGN is, "Sell".
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.
Daily charts indicate weakness and weekly charts indicate strength. That is why this rating is for the very short term.
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.