Bearish MACD for McDermott International – Tale of the Tape (MDR)

McDermott International’s (MDR) MACD indicator has entered into bearish territory with a reading of -0.4692. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $10.82 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by 18 cents over the past week to 98 cents per share.