Bearish MACD for Commscope – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/22120/Bearish+MACD+for+Commscope+-+Zacks+Tale+of+the+TapePosted on Monday, July 13th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Commscope Inc.’s (CTV) MACD indicator has crossed over to bearish territory with a reading of -0.0942. The Zacks #5 Rank (“Strong Sell”) stock has declined slightly to $24.07 in morning trade. Analysts have been reducing their estimates on the company’s full-year earnings, with the consensus down 18 cents over the past 2 months to $2.01 per share. The most accurate estimate is even bearish at $1.84 per share.
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