Bearish MACD for Ingram Micro – Tale of the Tape (IM)

Ingram Micro Inc.’s (IM) MACD indicator has entered into bearish territory with a reading of -0.1816. The Zacks #4 Rank (“Sell”) stock decreased more than 1% to $17.00 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by 5 cents over the past week to $1.82 per share.