SHREVEPORT, La., June 8, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No.119079, http://www.donharrold.net), rates Level 3 Communications (Nasdaq:LVLT), Valero Energy Corp. (NYSE:VLO), Bea Systems Inc. (Nasdaq:BEAS), and Merrill Lynch & Co. (NYSE:MER).
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: Sell http://www.donharrold.net/ratings/US/LVLT.php Valero Energy Corp. (NYSE:VLO) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/VLO.php Bea Systems Inc. (Nasdaq:BEAS) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/BEAS.php Merrill Lynch & Co. (NYSE:MER) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/MER.php
Level 3 Communications (Nasdaq:LVLT) closed recently at $4.55 with a volume of 348466 X 100. My current rating on LVLT 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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