Bearish MACD for IRobot Corp.

Zacks

IRobot Corp.’s (IRBT) MACD indicator has moved into bearish territory with a reading of –0.9744. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.93% to $18.15 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 35 cents over the past week to 47 cents per share.

 

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