Bearish MACD for Tenneco Inc.

Zacks

Tenneco Inc.’s (TEN) MACD indicator has moved into bearish territory with a reading of –0.0336. The Zacks #4 Rank (“Sell”) stock decreased more 1.21% to $27.77 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 2 cents over the past week to $3.24 per share.

 

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