Bearish MACD for Cardiovascular Systems – Tale of the Tape

Cardiovascular Systems, Inc.’s (CSII) MACD indicator has entered into bearish territory with a reading of –0.1520. The Zacks #4 Rank (“Sell”) stock decreased more than 3% to $13.77 in morning trade. The Zacks Consensus Estimate for the year ending June 2012 has decreased by 9 cents over the past month to 10 cents per share.