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Bearish MACD for Cypress Semiconductor Corp.

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Cypress Semiconductor Corp.’s (CY - Free Report) MACD indicator has moved into bearish territory with a reading of –0.1202. The Zacks Rank # 5 (“Strong Sell”) stock decreased more than 3.35% to $9.76 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2013 has decreased by 32 cents over the past month to 2 cents per share.


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