Bearish MACD for New Jersey Resources – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/27291/Bearish+MACD+for+New+Jersey+Resources+-+Zacks+Tale+of+the+TapePosted on Friday, November 13th, 2009 | In Investing Lessons, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
New Jersey Resources Corp.’s (NJR) MACD indicator has crossed over to bearish territory with a reading of -0.2615. The Zacks #4 Rank (“Sell”) stock declined slightly to $34.85 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending September 2010 has reduced by 2 cents over the past 3 months to $2.56 per share.
“NJR” Free Stock Analysis: Buy? Sell? Hold?
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