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Pantry’s MACD Signals Bearishness

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October 02, 2009 | Comment(s): 0
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PTRY

The Pantry Inc.’s (PTRY - Snapshot Report) MACD indicator has crossed over to bearish territory with a reading of -0.0455. The Zacks #5 Rank (“Strong Sell”) stock fell nearly 1% to $15.08 in morning trade. Analysts have been reducing their estimates on the company’s earnings for the year ending Sep 2010, with the consensus down 8 cents over the past 2 months to $1.56 per share.

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