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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 –0.6734. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 2.21 % to $5.30 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 81 cents over the past month to 9 cents per share.


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