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

Zacks

The Scotts Miracle-Gro Company’s (SMG) MACD indicator has moved into bearish territory with a reading of -0.2981. The Zacks #4 Rank (“Sell”) stock decreased more than 2% to $42.50 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ended September 2011 has decreased by 14 cents over the past month to $3.21 per share.

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