Bearish MACD for Amkor Technology – Tale of the Tape

Amkor Technology, Inc.’s (AMKR) MACD indicator has moved into bearish territory with a reading of -0.1020. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $5.54 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2011 has decreased by 13 cents over the past month to 67 cents per share.