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Bearish MACD for FARO Technologies, Inc.

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FARO Technologies, Inc.’s (FARO - Free Report) MACD indicator has moved into bearish territory with a reading of –0.7678. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 2.78% to $35.35 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 26 cents over the past month to $1.22 per share.


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