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Bearish MACD for Stein Mart, Inc.

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Stein Mart, Inc.’s MACD indicator has moved into bearish territory with a reading of –0.1016.The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.32% to $6.36 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2013 has decreased by 1 cent over the past week to 41 cents per share.


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