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Bearish MACD for Best Buy Co., Inc.

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Best Buy Co., Inc.’s (BBY - Free Report) MACD indicator has moved into bearish territory with a reading of –0.3468. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.66% to $12.13 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2013 has decreased by 2 cents over the past week to $2.45 per share.


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