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Bearish MACD for Allied Nevada Gold Corp.

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Allied Nevada Gold Corp.’s MACD indicator has moved into bearish territory with a reading of –1.4311. The Zacks Rank # 5 (“Strong Sell”) stock decreased more than 0.69% to $24.53 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 3 cents over the past week to 68 cents per share.


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