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Tale of the Tape

Bearish MACD for Arcos Dorados Holding Inc.
April 10, 2012

ARCO

 ZacksTrade Now

Arcos Dorados Holding Inc.’s (ARCO - Snapshot Report) MACD indicator has moved into bearish territory with a reading of –0.4129. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.71% to $18.30 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 5 cents over the past two months to 81 cents per share.

 

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