Back to Main

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

By: Zacks.com
Posted: 6/8/2012 11:32:00 AM
Referenced Stocks: SCHN

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
 
To read this article on Zacks.com click here.
 
Zacks Investment Research