Bearish MACD for Oriental Financial – Tale of the Tape (OFG)

Oriental Financial Group Inc.’s (OFG) MACD indicator has moved into bearish territory with a reading of -0.0327. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1% to $11.70 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2011 has decreased by 15 cents over the past two months to 78 cents per share.