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Astec’s MACD Indicates Bearishness – Zacks Tale of the Tape

Source: http://www.zacks.com/stock/news/24139/Astec%27s+MACD+Indicates+Bearishness+-+Zacks+Tale+of+the+Tape
 Posted on Thursday, August 27th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

Astec Industries Inc.’s (ASTE) MACD indicator has entered into bearish territory with a reading of -0.1365. The Zacks #5 Rank (“Strong Sell”) stock has slipped more than 2% to $26.51 in morning trade. The full-year Zacks Consensus Estimate on the company’s earnings has reduced by 15 cents over the past 2 months to $1.26 per share.
“ASTE” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research

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