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Bearish MACD for Energy Conversion
Energy Conversion Devices Inc.’s (ENER - Analyst Report) MACD indicator has crossed over to bearish territory with a reading of -0.0917. The Zacks #4 Rank (“Sell”) stock has declined slightly to $11.92 in afternoon trade. The Zacks Consensus Estimate on the company’s earnings for the year ending June 2010 has reduced by 88 cents over the past month and is currently pegged at a loss of 51 cents per share.
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| Market Summary | Nov 22, 2009 04:44 am ET |
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