Bearish MACD for SVM – Tale of the Tape

Silvercorp Metals Inc. (USA)’s (SVM) MACD indicator has entered into bearish territory with a reading of -0.4900. The Zacks #4 Rank (“Sell”) stock decreased slightly to $8.35 in morning trade. The Zacks Consensus Estimate for the year ending March 2012 has decreased by 2 cents over the past month to 57 cents per share.