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Bearish MACD for Ascena Retail Group Inc.

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Ascena Retail Group Inc.’s (ASNA - Free Report) MACD indicator has moved into bearish territory with a reading of –0.6701. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.78% to $16.54 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending July 2013 has decreased by 28 cents over the past week to $1.26 per share.


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