Bearish MACD for Modine Manufacturing

Zacks

Modine Manufacturing Co.’s (MOD) MACD indicator has entered into bearish territory with a reading of -0.1203. The Zacks #4 Rank (“Sell”) stock decreased slightly to $9.78 in morning trade. The Zacks Consensus Estimate for the year ending March 2012 has decreased by 18 cents over the past month to 71 cents per share.

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