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Bearish MACD for ICON

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March 23, 2011 | Comment(s): 0
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ICON
Iconix Brand Group, Inc.’s (ICON - Analyst Report) MACD indicator has moved into bearish territory with a reading of -0.2965. The Zacks #4 Rank (“Sell”) stock decreased slightly to $19.88 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending 2011 has decreased by 3 cents over the past two months to $1.54 per share.

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