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Bearish MACD for Chiquita Brands International, Inc.

Siddhartha Pahari

Chiquita Brands International, Inc.’s (CQB) MACD indicator has moved into bearish territory with a reading of –0.7961. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.09% to $5.45 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 89 cents over the past week to 1 cent per share.


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