Bullish MACD for Rayonier Inc. - Tale of the Tape

Rayonier Inc. ’s (RYN) MACD indicator has entered into bullish territory with a reading of 0.005. The Zacks #1 Rank (“Strong Buy”) stock rose slightly to $48.98 in morning trade. The Zacks Consensus Estimate for the year ending December 2010 has increased 15 cents over the past two months to $2.15 per share.
 
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