Bearish MACD for HSOL – Tale of the Tape

Hanwha Solarone Co Ltd ’s (HSOL) MACD indicator has entered into bearish territory with a reading of -0.0968. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $5.27 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by 12 cents over the past month to 92 cents per share.