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Warner Music’s MACD Signals Bearishness
Warner Music Group Corp.’s (WMG - Snapshot Report) MACD indicator has moved into bearish territory with a reading of -0.0253. The Zacks #4 Rank (“Sell”) stock has declined more than 3% to $5.42 in afternoon trade. The consensus estimate for the year ending September 2009 is pegged at a loss of 41 cents per share, which has worsened by 3 cents over the past month.
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| Market Summary | Feb 10, 2010 08:06 am ET |
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