ION Geophysical Corp.’s (IO) MACD indicator has moved into bearish territory with a reading of –0.0239. The Zacks #5 Rank (“Strong Sell”) stock declined slightly to $4.85 in morning trade. The Zacks Consensus Estimate on the company’s earnings for 2010 has decreased by 4 cents over the past month to 8 cents per share.
“IO” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research