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Bearish MACD for Shore Bancshares

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July 10, 2009 | Comment(s): 0
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SHBI

Shore Bancshares Inc.’s (SHBI - Snapshot Report) MACD indicator has moved into bearish territory with a reading of -0.0601. The Zacks #5 Rank (“Strong Sell”) stock has slipped more than 4% to $17.66 in afternoon trade. The full-year consensus estimate has declined by 4 cents over the past week to $1.12 per share. The most accurate estimate is even bearish at $1.00 per share.

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