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Bearish MACD for Schnitzer Steel Industries, Inc.

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Schnitzer Steel Industries, Inc.’s (SCHN - Free Report) MACD indicator has moved into bearish territory with a reading of –3.0247. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.73 % to $24.97 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending August 2012 has decreased by 12 cents over the past week to $1.45 per share.


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