Bearish MACD for Summit Hotel – Tale of the Tape

Summit Hotel Properties, Inc.’s (INN) MACD indicator has moved into bearish territory with a reading of -0.0138. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $10.67 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 two months to 87 cents per share.