China Automotive Systems, Inc.’s (CAAS) MACD indicator has moved into bearish territory with a reading of -0.0555. The Zacks #4 Rank (“Sell”) stock decreased more than 1% to $15.64 in afternoon trade. The Zacks Consensus Estimate on the company’s earnings for the year ending 2010 has decreased by a cent over the past two months to $1.08 per share.
 
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