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Bearish MACD for The Pep Boys - Manny, Moe & Jack

Siddhartha Pahari

The Pep Boys - Manny, Moe & Jack’s (PBY) MACD indicator has moved into bearish territory with a reading of –0.1716. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 2.03% to $9.16 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2013 has decreased by 27 cents over the past two months to 58 cents per share.


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