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Bearish MACD for World Wrestling

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July 06, 2009 | Comment(s): 0
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WWE

World Wrestling Entertainment Inc.'s (WWE - Snapshot Report) MACD indicator has entered into bearish territory with a reading of -0.0283. The Zacks #4 Rank ("Sell") stock has declined slightly to $12.10 in afternoon trade. Analysts have been reducing their estimates on the company's full-year earnings, with the consensus down 3 cents over the past 2 months to 59 cents per share.

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