Finisar Corp.’s (FNSR) MACD indicator has moved into bearish territory with a reading of -0.1090. The Zacks #5 Rank (“Strong Sell”) stock declined more than 1% to $8.40 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending April 2010 has reduced by 24 cents over the past month to 20 cents per share.
“FNSR” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research