Bearish MACD for American Axle & Manufacturing Holdings, Inc.

Zacks

American Axle & Manufacturing Holdings, Inc.’s (AXL) MACD indicator has moved into bearish territory with a reading of –0.0503. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.41% to $10.50 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 49 cents over the past two months to $1.47 per share.

 

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