Bearish MACD for CBD - Tale of the Tape

Companhia Brasileira De Distribuicao ’s (CBD) MACD indicator has entered into bearish territory with a reading of -0.018. The Zacks #5 Rank (“Strong Sell”) ADR dropped more than 1% to $64.66 in morning trade. The Zacks Consensus Estimate for the year ending December 2010 has decreased 83 cents over the past month to $2.48 per share.
 
PAO ACUCAR-GDR (CBD): Free Stock Analysis Report
 
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