Bearish MACD for AngioDynamics – Tale of the Tape (ANGO)

AngioDynamics, Inc.’s (ANGO) MACD indicator has entered into bearish territory with a reading of -0.1378. The Zacks #4 Rank (“Sell”) stock decreased more than 1% to $13.65 in morning trade. The Zacks Consensus Estimate for the year ending May 2012 has decreased by a penny over the past week to 43 cents per share.