SHREVEPORT, La., June 8, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net) rates Microsoft Corp. (Nasdaq:MSFT), Home Depot Inc. (NYSE:HD), Chesapeake Energy Corp. (NYSE:CHK), and American Express Co. (NYSE:AXP).
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: Weak Sell http://www.donharrold.net/ratings/US/MSFT.php Home Depot Inc. (NYSE:HD) DonHarrold.Net Rating: Weak Sell http://www.donharrold.net/ratings/US/HD.php Chesapeake Energy Corp. (NYSE:CHK) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/CHK.php American Express Co. (NYSE:AXP) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/AXP.php
American Express Co (NYSE:AXP) closed recently at $53.51 with a volume of 42152 X 100. My current rating on AXP 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. The next rating along that path is a "Weak Sell".
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