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Bearish MACD for Warner Music

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December 03, 2009 | Comment(s): 0
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WMG

Warner Music Group Corp.’s (WMG) MACD indicator has moved into bearish territory with a reading of -0.0460. The Zacks #5 Rank (“Strong Sell”) stock declined slightly to $5.27 in morning trade. The Zacks Consensus Estimate for the fiscal year ending Sep 2010 is currently pegged at a loss of 59 cents per share, which has worsened by 12 cents over the past week.

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