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Bearish MACD for O2micro

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October 16, 2009 |Comments: 0
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OIIM

O2micro International Ltd.’s (OIIM) MACD indicator has moved into bearish territory with a reading of -0.0586. The Zacks #4 Rank (“Sell”) stock has slipped more than 1% to $4.91 in afternoon trade. The Zacks Consensus Estimate on the company’s full-year earnings has worsened by 2 cents over the past 2 months and is currently pegged at a loss of 6 cents per share.

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