Bearish MACD for Cambrex Corp.

Zacks

Cambrex Corp.’s (CBM) MACD indicator has moved into bearish territory with a reading of –0.7825. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.23% to $9.62 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 3 cents over the past month to 81 cents per share.

 

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