Bearish MACD for Scotts Miracle-Gro – Tale of the Tape

The Scotts Miracle-Gro Company’s (SMG) MACD indicator has entered into bearish territory with a reading of -0.1741. The Zacks #4 Rank (“Sell”) stock decreased 2% to $45.50 in morning trade. The Zacks Consensus Estimate for the year ending September 2011 has decreased by 16 cents over the past month to $2.98 per share.