SHREVEPORT, La., Aug. 7, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Level 3 Communications (Nasdaq:LVLT), JDS Uniphase Corp. (Nasdaq:JDSU), SanDisk Corp. (Nasdaq:SNDK), and Rambus Inc. (Nasdaq:RMBS).
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: Slightly Overbought http://www.donharrold.net/ratings/US/LVLT.php JDS Uniphase Corp. (Nasdaq:JDSU) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/JDSU.php SanDisk Corp. (Nasdaq:SNDK) DonHarrold.Net Rating: Slightly Oversold http://www.donharrold.net/ratings/US/SNDK.php Rambus Inc. (Nasdaq:RMBS) DonHarrold.Net Rating: Slightly Overbought http://www.donharrold.net/ratings/US/RMBS.php
Level 3 Communications (Nasdaq:LVLT) closed recently at $3.56 with a volume of 240886 X 100. My current rating on LVLT is, "Slightly Overbought."
A "Slightly Overbought" stock is one that I think will probably move lower, yet the downtrend should be minimal at this point. If you hold the stock and are hoping for a move higher, a "Slightly Overbought" could be good news.
The "Slightly Overbought" rating is tricky, though. There are mixed signals that at once show the stock is going lower still, but could stop the drop anytime. It's a signal that says, "Be ready for a change of character."
My least favorite rating is the "Slightly Overbought" or "Slightly Oversold."
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