Bearish MACD for Cobiz Financial

Cobiz Financial Inc.’s (COBZ - Snapshot Report) MACD indicator has moved into bearish territory with a reading of -0.0208. The Zacks #5 Rank (“Strong Sell”) stock has declined by more than 1% to $6.42 in morning trade. The full-year consensus estimate has worsened by 3 cents over the past week to a loss of $1.04 per share.