Bearish MACD for Entercom – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/27468/Bearish+MACD+for+Entercom+-+Zacks+Tale+of+the+TapePosted on Thursday, November 19th, 2009 | In Investing Lessons, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Entercom Communications Corp.’s (ETM) MACD indicator has crossed over to bearish territory with a reading of -0.2175. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1% to $6.44 in morning trade. The Zacks Consensus Estimate on the company’s fiscal 2010 earnings has declined by 4 cents over the past month to $1.01 per share.
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