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Bearish MACD for Ormat

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April 19, 2011 | Comment(s): 0
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ORA
Ormat Technologies, Inc.’s (ORA - Snapshot Report) MACD indicator has moved into bearish territory with a reading of -0.0541. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1% to $25.24 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending 2011 has decreased by 57 cents over the past two months to 45 cents per share.

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