Bearish MACD for Flagstone Reinsurance – Tale of the Tape

Flagstone Reinsurance Holdings SA’s (FSR) MACD indicator has entered into bearish territory with a reading of -0.0145. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1% to $8.25 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has worsened by 23 cents over the past week to a loss of $1.44 per share.