Bearish MACD for Materion Corp.

Zacks

Materion Corp.’s (MTRN) MACD indicator has moved into bearish territory with a reading of –0.2753. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.48% to $20.80 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 8 cents over the past two months to $1.42 per share.

 

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