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Bearish MACD for CBD

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August 10, 2010 | Comment(s): 0
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CBD
Companhia Brasileira De Distribuicao ’s (CBD - Analyst Report) MACD indicator has entered into bearish territory with a reading of -0.018. The Zacks #5 Rank (“Strong Sell”) ADR dropped more than 1% to $64.66 in morning trade. The Zacks Consensus Estimate for the year ending December 2010 has decreased 83 cents over the past month to $2.48 per share.

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