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Bearish MACD for Arcos Dorados Holding Inc.

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Arcos Dorados Holding Inc.’s (ARCO - Free Report) MACD indicator has moved into bearish territory with a reading of –0.3283. The Zacks #4 Rank (“Sell”) stock decreased more than 0.57% to $12.18 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 4 cents over the past two months to 56 cents per share.


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