Bearish MACD for Mechel OAO


Mechel OAO’s (MTL) MACD indicator has moved into bearish territory with a reading of –0.3429.The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.97% to $8.96 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2011 has decreased by 9 cents over the past two months to $2.22 per share.


MECHEL OAO (MTL): Free Stock Analysis Report

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