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Bearish MACD for Laredo Petroleum Holdings Inc.

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Laredo Petroleum Holdings Inc.’s (LPI - Free Report) MACD indicator has moved into bearish territory with a reading of –0.9359. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.53% to $18.69 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 2 cents over the past month to $1.07 per share.


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