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Bearish MACD for Progress Energy

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October 08, 2009 |Comments: 0
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PGN

Progress Energy Inc.’s (PGN) MACD indicator has crossed over to bearish territory with a reading of -0.3851. The Zacks #4 Rank (“Sell”) stock fell slightly to $37.23 in afternoon trade. The Zacks Consensus Estimate on the company’s full-year earnings has moved down a penny over the past month to $3.02 per share.

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