Magellan’s MACD Signals Bearishness – Zacks Tale of the Tape
Zacks Market Commentaries (August 28th, 2009) Writes:
Magellan Midstream Holdings, LP’s (MGG) MACD indicator has entered into bearish territory with a reading of -0.0201. The Zacks #5 Rank (“Strong Sell") stock has decreased more than 1% to $21.68 in afternoon trade. Analysts, on average, see the company's full-year earnings reducing by 18.3% to $1.14 per share. The most accurate estimate is even bearish at $1.06 per share."MGG" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research
Tags for this Post:
Magellan Midstream Holdings LP, Market Commentary, Stocks to Watch, USD, Zacks Market Commentaries
Magellan Midstream Holdings LP, Market Commentary, Stocks to Watch, USD, Zacks Market Commentaries


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