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Bearish MACD for ChipMOS Technologies (Bermuda) Ltd.

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ChipMOS Technologies (Bermuda) Ltd. ’s MACD indicator has moved into bearish territory with a reading of –0.3002. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.85% to $10.50 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 9 cents over the past month to 76 cents per share.


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