Bearish MACD for ION Geophysical
March 22, 2010 | Comments : 0
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March 22, 2010
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ION Geophysical Corp.’s ( IO - Snapshot Report ) MACD indicator has moved into bearish territory with a reading of –0.0239. The Zacks #5 Rank (“Strong Sell) stock declined slightly to $4.85 in morning trade. The Zacks Consensus Estimate on the company’s earnings for 2010 has decreased by 4 cents over the past month to 8 cents per share.
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