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Bearish MACD for CAAS

Debanjan Guha Thakurta

China Automotive Systems, Inc.’s (NasdaqCM: CAAS - News) MACD indicator has moved into bearish territory with a reading of -0.2995. The Zacks #4 Rank (“Sell) stock decreased more than 4% to $6.50 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 month to $1.14 per share.


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