Globe Specialty Metals, Inc.’s (GSM) MACD indicator has entered into bearish territory with a reading of -0.2883. The Zacks #4 Rank (“Sell”) stock decreased more than 2% to $14.88 in morning trade. The Zacks Consensus Estimate for the year ending June 2012 has decreased by 4 cents over the past week to $1.19 per share.
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