Bearish MACD for INFI – Tale of the Tape (INFI)

Infinity Pharmaceuticals Inc.’s (INFI) MACD indicator has entered into bearish territory with a reading of -0.2649. The Zacks #4 Rank (“Sell”) stock decreased more than 2% to $7.24 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has worsened by 5 cents over the past week to a loss of $1.36 per share.