Bearish MACD for Griffon Corp - Tale of the Tape

Griffon Corporation's (GFF) MACD indicator has moved into bearish territory with a reading of -0.0808. The Zacks #4 Rank (“Sell”) stock decreased slightly to $12.33 in afternoon trade. The Zacks Consensus Estimate on the company's earnings for the year ending September 2011 has decreased by 6 cents over the past month to 84 cents per share.
 
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