Bearish MACD for ConAgra - Tale of the Tape

ConAgra Foods, Inc. 's (CAG) MACD indicator has moved into bearish territory with a reading of -0.0324. The Zacks #4 Rank (“Sell”) stock decreased slightly to $22.00 in the morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending May 2011 has decreased by 6 cents over the past two months to $1.84 per share.
 
CONAGRA FOODS (CAG): Free Stock Analysis Report
 
Zacks Investment Research