Bearish MACD for ACCO Brands – Tale of the Tape

ACCO Brands Corporation’s (ABD) MACD indicator has entered into bearish territory with a reading of -0.1611. The Zacks #4 Rank (“Sell”) stock decreased more than 5% to $6.89 in morning trade. The Zacks Consensus Estimate for the year ended December 2011 has decreased by 4 cents over the past month to 64 cents per share.