Bearish MACD for Schnitzer Steel Industries, Inc. - Tale of the Tape

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Schnitzer Steel Industries, Inc. 's ( SCHN ) MACD indicator has moved into bearish territory with a reading of -3.0247. The Zacks #5 Rank ("Strong Sell") stock decreased more than 1.73 % to $24.97 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending August 2012 has decreased by 12 cents over the past week to $1.45 per share.

 


 
SCHNITZER STEEL (SCHN): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

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