Bearish MACD for Iconix Brand Group, Inc.

Iconix Brand Group, Inc. ’s (ICON) MACD indicator has moved into bearish territory with a reading of –0.4312. The Zacks #4 Rank (“Sell”) stock decreased more than 1.31% to $15.12 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 13 cents over the past month to $1.67 per share.

ICONIX BRAND GROUP INC (ICON): Free Stock Analysis Report

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