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Bearish MACD for Iconix Brand

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March 17, 2011 | Comment(s): 0
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ICON

Iconix Brand Group, Inc.’s (ICON - Analyst Report) MACD indicator has moved into bearish territory with a reading of -0.0345. The Zacks #4 Rank (“Sell”) stock decreased slightly to $20.28 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending 2011 has decreased by a penny over the past month to $1.54 per share.

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