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Bearish MACD for Cytec Industries

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March 10, 2011 | Comment(s): 0
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CYT
Cytec Industries Inc.’s (CYT - Snapshot Report) MACD indicator has moved into bearish territory with a reading of -0.0969. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 2% to $51.94 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending 2011 has decreased by 35 cents over the past two months to $3.37 per share.

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