Bearish MACD for Materion Corp – Tale of the Tape

Materion Corp’s (MTRN) MACD indicator has entered into bearish territory with a reading of -2.0100. The Zacks #4 Rank (“Sell”) stock decreased more than 1% to $30.86 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by a cent over the past week to $2.48 per share.