Bearish MACD for GenCorp – Tale of the Tape

GenCorp Inc.’s (GY) MACD indicator has entered into bearish territory with a reading of -0.1371. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $5.66 in morning trade. The Zacks Consensus Estimate for the year ending November 2011 has decreased by 15 cents over the past month to 15 cents per share.