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Astec’s MACD Indicates Bearishness

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August 27, 2009 |Comments: 0
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ASTE

Astec Industries Inc.’s (ASTE) MACD indicator has entered into bearish territory with a reading of -0.1365. The Zacks #5 Rank (“Strong Sell”) stock has slipped more than 2% to $26.51 in morning trade. The full-year Zacks Consensus Estimate on the company's earnings has reduced by 15 cents over the past 2 months to $1.26 per share.

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