Snap-on’s MACD Indicates Bearishness – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/21231/Snap-on%27s+MACD+Indicates+Bearishness+-+Zacks+Tale+of+the+TapePosted on Thursday, June 18th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Snap-on Inc.’s (SNA) MACD indicator has moved into bearish territory with a reading of -0.0948. The Zacks #4 Rank (”Sell”) stock has declined slightly in afternoon trade to $30.07. Analysts have been reducing their estimates on the company’s full-year earnings, with the consensus down 11 cents over the past month to $3.02 per share.
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