Bearish MACD for Asia Entertainment & Resources Ltd.

Zacks

Asia Entertainment & Resources Ltd.’s (AERL) MACD indicator has moved into bearish territory with a reading of -0.1383. The Zacks #4 Rank (“Sell”) stock decreased more than 1.02% to $5.77 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 4 cents over the past week to $2.05 per share.

 

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