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Bearish MACD for ON Semiconductor

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November 01, 2011 | Comment(s): 0
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ONNN
ON Semiconductor Corp.’s (ONNN - Analyst Report) MACD indicator has entered into bearish territory with a reading of -0.0177. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 8% to $7.18 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by 6 cents over the past month to 94 cents per share.

 

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