Bullish MACD for Forest City – Tale of the Tape

Forest City Enterprises, Inc.’s (FCE.A) MACD indicator has entered into bullish territory with a reading of 0.1011. The Zacks #1 Rank (“Strong Buy”) stock increased slightly to $19.10 in morning trade. The Zacks Consensus Estimate for the year ending January 2012 has increased by 7 cents over the past month to $1.65 per share.