Encore Wire Corp.’s (WIRE) MACD indicator has moved into bearish territory with a reading of -0.0159. The Zacks #5 Rank (“Strong Sell”) declined slightly to $20.79 in morning trade. The Zacks Consensus Estimate on the company’s earnings for 2010 has reduced by 23 cents over the past 2 months to 58 cents per share.
“WIRE” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research