Bearish MACD for Foster Wheeler – Tale of the Tape (FWLT)

Foster Wheeler AG ’s (FLWT) MACD indicator has entered into bearish territory with a reading of -0.1525. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $19.78 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by 14 cents over the past week to $1.53 per share.