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Bearish MACD for Impax Laboratories Inc.

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Impax Laboratories Inc.’s MACD indicator has moved into bearish territory with a reading of –1.4686. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.23% to $20 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 24 cents over the past month to $1.80 per share.


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