Mesabi Trust’s (MSB) MACD indicator has moved into bearish territory with a reading of -0.2260. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1% to $31.50 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2012 has decreased by 64 cents over the past month to $2.36 cents per share.
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