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Bearish MACD for PetroLogistics LP

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PetroLogistics LP.’s MACD indicator has moved into bearish territory with a reading of –0.5295. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.09% to $10.85 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 99 cents per share.


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