Bearish MACD for TransGlobe Energy Corp.
January 15, 2013 | Comments : 0
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January 15, 2013
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TransGlobe Energy Corp.’s (TGA - Snapshot Report) MACD indicator has moved into bearish territory with a reading of –0.3528. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 4.23% to $8.60 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 2 cents over the past month to $1.14 per share.
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