Bearish MACD for Layne Christensen Company – Tale of the Tape (LAYN)

Zacks

Layne Christensen Company ’s (LAYN) MACD indicator has moved into bearish territory with a reading of –0.4976. The Zacks #5 Rank (“Strong Sell”) stock decreased more 4.84% to $18.08 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2013 has decreased by 6 cents over the past week to $1.41 per share.

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