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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 –1.6597. The Zacks Rank # 5 (“Strong Sell”) stock decreased more than 2.35% to $19.98 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2013 has decreased by 33 cents over the past two months to $1.65 per share.


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