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Warner Music’s MACD Signals Bearishness – Zacks Tale of the Tape

Source: http://www.zacks.com/stock/news/22898/Warner+Music%27s+MACD+Signals+Bearishness++-+Zacks+Tale+of+the+Tape
 Posted on Tuesday, July 28th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

Warner Music Group Corp.’s (WMG) MACD indicator has moved into bearish territory with a reading of -0.0253. The Zacks #4 Rank (“Sell”) stock has declined more than 3% to $5.42 in afternoon trade. The consensus estimate for the year ending September 2009 is pegged at a loss of 41 cents per share, which has worsened by 3 cents over the past month.
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