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Bearish MACD for Scotts Miracle-Gro Co.

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Scotts Miracle-Gro Co.’s (SMG - Free Report) MACD indicator has moved into bearish territory with a reading of –1.9760. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.73 % to $39.31 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending September 2012 has decreased by 32 cents over the past week to $2.48 per share.


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