Bearish MACD for CGG Veritas

Zacks

CGG Veritas (:ADR)’s (NYSE:CGV - News) MACD indicator has entered into bearish territory with a reading of -1.4047. The Zacks #5 Rank (“Strong Sell) stock decreased more than 11% to $25.58 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by 12 cents over the past week to 68 cents per share.

 

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