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Bearish MACD for Salix

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October 30, 2009 | Comment(s): 0
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SLXP

Salix Pharmaceuticals Ltd.’s (SLXP - Analyst Report) MACD indicator has moved into bearish territory with a reading of -0.1085. The Zacks #4 Rank (“Sell) stock fell more than 4% to $18.31 in afternoon trade. The Zacks Consensus Estimate on the company’s full-year earnings is currently pegged at a loss of 92 cents per share, which has worsened by 2 cents over the past 2 months.

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