Bearish MACD for Ameristar Casinos – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/26736/Bearish+MACD+for+Ameristar+Casinos+-+Zacks+Tale+of+the+TapePosted on Monday, November 2nd, 2009 | In Investing Lessons, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Ameristar Casinos Inc.’s (ASCA) MACD indicator has moved into bearish territory with a reading of -0.4186. The Zacks #5 Rank (“Strong Sell”) stock declined more than 1% to $14.49 in morning trade. The Zacks Consensus Estimate on the company’s full-year earnings has reduced by 2 cents over the past 2 months to $1.25 per share.
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