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Bearish MACD for Platinum Underwriters

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October 17, 2011 | Comment(s): 0
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PTP
Platinum Underwriters Holdings, Ltd.’s (PTP - Snapshot Report) MACD indicator has entered into bearish territory with a reading of -0.4408. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 2% to $27.77 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has worsened by $2.76 over the past two week to a loss of $5.09 per share.

 

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