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Bearish MACD for New Jersey Resources

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November 13, 2009 |Comments: 0
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NJR

New Jersey Resources Corp.’s (NJR) MACD indicator has crossed over to bearish territory with a reading of -0.2615. The Zacks #4 Rank (“Sell”) stock declined slightly to $34.85 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending September 2010 has reduced by 2 cents over the past 3 months to $2.56 per share.

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