Bearish MACD for REXMY – Tale of the Tape

Rexam PLC’s (REXMY) MACD indicator has moved into bearish territory with a reading of -0.0787. The Zacks #4 Rank (“Sell”) stock decreased more than 3% to $30.06 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2011 has decreased by 2 cents over the past month to $2.87 per share.