Lufkin Industries, Inc.’s (LUFK) MACD indicator has entered into bullish territory with a reading of 0.4078. The Zacks #1 Rank (“Strong Buy”) stock increased slightly to $87.63 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has increased by 12 cents over the past two months to $3.02 per share.
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