Bearish MACD for Ormat Technologies


Ormat Technologies, Inc.’s (NYSE:ORA - News) MACD indicator has entered into bearish territory with a reading of -0.0690. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $17.52 in morning trade. The Zacks Consensus Estimate for the year ended December 2011 has decreased by 6 cents over the past month to 18 cents per share.

ORMAT TECHNOLOGIES INC (ORA): Free Stock Analysis Report

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