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Bearish MACD for Charming Shoppes, Inc.

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Charming Shoppes, Inc’s (CHRS - Free Report) MACD indicator has moved into bearish territory with a reading of -0.0035. The Zacks #4 Rank (“Sell”) stock decreased more than 1% to $3.51 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2011 has decreased by 2 cents over the past week to a loss of 27 cents per share.

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