Bullish MACD for InterOil Corporation – Tale of the Tape (IOC)

InterOil Corporation (USA)’s (IOC) MACD indicator has entered into bullish territory with a reading of 0.8034. The Zacks #1 Rank (“Strong Buy”) stock increased more than 2% to $67.78 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has increased by 11 cents over the past week to 27 cents per share.