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Bearish MACD for Sanderson Farms, Inc.

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Sanderson Farms, Inc.’s (SAFM - Free Report) MACD indicator has moved into bearish territory with a reading of –0.3003. The Zacks #5 Rank (“Strong Sell”) stock decreased more 0.77% to $40.14 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending October 2012 has decreased by $1.33 over the past month to $1.40 per share.


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