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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 –0.3480. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.03% to $34.46 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 36 cents over the past two months to $1.22 per share.


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