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Tale of the Tape

Bearish MACD for Chiquita Brands
August 31, 2010

Trades from $3
Chiquita Brands International Inc.’s MACD indicator has moved into bearish territory with a reading of -0.1282. The Zacks #4 Rank (“Sell”) stock declined more than 1% to $12.82 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2010 reduced 3 cents over the past 2 months to $1.60 per share.