SHREVEPORT, La., Aug. 8, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Exxon Mobil Corporation (NYSE:XOM), Corning Inc. (NYSE:GLW), Walt Disney Co. The (NYSE:DIS), and Schering-Plough Corp. (NYSE:SGP)
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:
Exxon Mobil Corporation (NYSE:XOM) DonHarrold.Net Rating: Overbought http://www.donharrold.net/ratings/US/XOM.php Corning Inc. (NYSE:GLW) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/GLW.php Walt Disney Co. The (NYSE:DIS) DonHarrold.Net Rating: Slightly Oversold http://www.donharrold.net/ratings/US/DIS.php Schering-Plough Corp. (NYSE:SGP) DonHarrold.Net Rating: Overbought http://www.donharrold.net/ratings/US/SGP.php
Exxon Mobil (NYSE:XOM) closed recently at $69.23 with a volume of 205657 X 100. My current rating on XOM is, "Overbought."
When I rate a stock "Overbought," it means that the momentum indicators I follow are in full swing. I see a "Overbought" stock as one that is usually already in the process of trending lower from previously overbought levels.
An "Overbought" rated stock is one that I would not want to buy. I'd be more inclined to wait for a "Overbought" rated stock to drop lower before I considered picking up any shares.
This is a stock that would have -- most likely -- been rated "Extremely Overbought" sometime in the recent past. Now, I'm waiting to see technical indications that the time to buy is near.
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