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

Zacks

KAR Auction Services Inc’s (KAR) MACD indicator has entered into bearish territory with a reading of -0.0142. The Zacks #4 Rank (“Sell”) stock decreased more than 3% to $12.79 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by a cent over the past week to $1.03 per share.

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