Bearish MACD for Interline Brands – Tale of the Tape

Interline Brands Inc ’s (IBI) MACD indicator has moved into bearish territory with a reading of -0.0600. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $18.52 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2011 has decreased by 8 cents over the past two months to $1.19 per share.