Bearish MACD for City National – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/26936/Bearish+MACD+for+City+National+-+Zacks+Tale+of+the+TapePosted on Thursday, November 5th, 2009 | In Investing Lessons, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
City National Corp.’s (CYN) MACD indicator has crossed over to bearish territory with a reading of -0.4235. The Zacks #4 Rank (“Sell”) stock fell nearly 1% to $37.30 in afternoon trade. The Zacks Consensus Estimate on the company’s full-year earnings has reduced by 5 cents over the past month to 15 cents per share.
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