SHREVEPORT, La., May 29, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net) rates Hewlett-packard Co (NYSE:HPQ), Chevron Corp (NYSE:CVX), Pacific Ethanol Inc (Nasdaq:PEIX), and International Business Machines Corp (NYSE:IBM)
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:
Hewlett-packard Co (NYSE:HPQ) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/HPQ.php Chevron Corp (NYSE:CVX) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/CVX.php Pacific Ethanol Inc (Nasdaq:PEIX) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/PEIX.php International Business Machines Corp (NYSE:IBM) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/IBM.php
Hewlett-packard Co (NYSE:HPQ) closed recently at $32.54 with a volume of 80256 X 100. My current rating on HPQ is "Buy."
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 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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