Babcock & Brown Air Ltd.’s (FLY) MACD indicator has moved into bearish territory with a reading of -0.1059. The Zacks #4 Rank (“Sell”) stock declined slightly to $11.36 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2010 has reduced 26 cents over the past 2 months to $1.13 per share.
“FLY” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research