Bearish MACD for Boston Beer – Tale of the Tape

The Boston Beer Company, Inc. ’s (SAM) MACD indicator has moved into bearish territory with a reading of -0.8416. The Zacks #4 Rank (“Sell”) stock decreased more than 3% to $85.33 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2011 has decreased by 9 cents over the past week to $3.43 per share.