Bearish MACD for Allete – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/26997/Bearish+MACD+for+Allete+-+Zacks+Tale+of+the+TapePosted on Friday, November 6th, 2009 | In Investing Lessons, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Allete Inc.’s (ALE) MACD indicator has moved into bearish territory with a reading of -0.1048. The Zacks #5 Rank (“Strong Sell) stock declined more than 1% to $33.07 in morning trade. The Zacks Consensus Estimate on the company’s full-year earnings has decreased by 12 cents over the past week to $2.01 per share.
“ALE” Free Stock Analysis: Buy? Sell? Hold?
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