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zacks

Bearish MACD for Allete

  • By Abhijit Ghosh
  • On 11:16 am EST, Friday November 6, 2009

Allete Inc.’s (NYSE: ALE - News) MACD indicator has moved into bearish territory with a reading of -0.7050. The Zacks #5 Rank (“Strong Sell) stock declined more than 1% to $33.07 in morning trade. The Zacks Consensus Estimate on the company’s full-year earnings has decreased by 12 cents over the past week to $2.01 per share.

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