Bearish MACD for Titan Machinery Inc.

Zacks

Titan Machinery Inc.’s (TITN) MACD indicator has moved into bearish territory with a reading of –0.5582. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.73% to $20.27 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2013 has decreased by 52 cents over the past two months to $2.14 per share.

 

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