Morgans Hotel Group Co.’s (MHGC) MACD indicator has entered into bearish territory with a reading of -0.1438. The Zacks #4 Rank (“Sell”) stock decreased slightly to $5.78 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by 48 cents over the past week to a loss of $2.49 per share.
MORGANS HOTEL (MHGC): Free Stock Analysis Report
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