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Bearish MACD for Elizabeth Arden, Inc.

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Elizabeth Arden, Inc.’s MACD indicator has moved into bearish territory with a reading of –0.7489. The Zacks Rank # 5 (“Strong Sell”) stock decreased more than 1.61% to $39.12 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending June 2013 has decreased by 27 cents over the past two months to $2.39 per share.


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