Bearish MACD for K12 - Tale of the Tape

K12 Inc.’s (LRN) MACD indicator has moved into bearish territory with a reading of -0.0425. The Zacks #4 Rank (“Sell”) declined nearly 1% to $24.85 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending June 2011 edged down a penny over the past 2 months to 83 cents per share.
 
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