Carpenter Technology Corporation’s (CRS) MACD indicator has moved into bearish territory with a reading of -0.7341. The Zacks #4 Rank (“Sell”) stock decreased more than 4% to $44.64 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending June 2012 has decreased by 9 cents over the past week to $2.51 per share.
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