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Bearish MACD for Acacia Research Corp.

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Acacia Research Corp.’s (ACTG - Free Report) MACD indicator has moved into bearish territory with a reading of –0.7934. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.19% to $23.16 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 27 cents over the past month to $1.98 per share.


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