Bearish MACD for Sigma Designs – Tale of the Tape (SIGM)

Sigma Designs, Inc.’s (SIGM) MACD indicator has entered into bearish territory with a reading of -0.0012. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $8.09 in morning trade. The Zacks Consensus Estimate for the year ending January 2012 has worsened by 85 cents over the past two months to a loss of $1.21 per share.