Bearish MACD for IAMGOLD Corp.

Zacks

IAMGOLD Corp.’s (IAG) MACD indicator has moved into bearish territory with a reading of –0.6828. The Zacks Rank # 5 (“Strong Sell”) stock decreased more than 0.80% to $8.69 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by a cent over the past month to 89 cents per share.

 

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