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Netscout’s MACD Indicates Bearishness
Netscout Systems Inc.’s (NTCT - Snapshot Report) MACD indicator has moved into bearish territory with a reading of -0.0937. The Zacks #4 Rank (“Sell”) stock has slipped nearly 2% to $8.44 in afternoon trade. Analysts have been reducing their estimates on the company’s fiscal 2010 earnings, with the consensus down 2 cents over the past 2 months to 75 cents per share.
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| Market Summary | Nov 24, 2009 09:30 am ET |
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