SHREVEPORT, La., June 4, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Conexant Systems Inc. (Nasdaq:CNXT), Taiwan Semicond Mnfcg Co (NYSE:TSM), Companhia Vale Do Rio Doce (NYSE:RIO), and US Steel Corp. (NYSE:X).
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:
Conexant Systems Inc. (Nasdaq:CNXT) DonHarrold.Net Rating: Strong Buy http://www.donharrold.net/ratings/US/CNXT.php Taiwan Semicond Mnfcg Co. (NYSE:TSM) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/TSM.php Companhia Vale Do Rio Doce (NYSE:RIO) DonHarrold.Net Rating: Weak Sell http://www.donharrold.net/ratings/US/RIO.php US Steel Corp. (NYSE:X) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/X.php
Conexant Systems Inc. (Nasdaq:CNXT) closed recently at $2.86 with a volume of 224895 X 100. My current rating on CNXT is, "Strong Buy".
My "Strong Buy" rating is reserved for stocks that meet a specific set of criteria. These are stocks that are -- on a technical basis -- "oversold". To qualify as a "Strong Buy", a stock's Stochastics and Relative Strength indicators must be in classic "oversold" positions. There are more proprietary factors I consider such as how moving averages are crossing and more.
If a stock is rated "Strong Buy", I believe the stock is significantly poised for either a move higher or a cessation of any recent price decreases. I like the term "entry point".
A "Strong Buy" stock represents a time to Buy based on my reading of technical indicators.
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