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Bearish MACD for Steven Madden, Ltd.

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Steven Madden, Ltd.’s (SHOO - Free Report) MACD indicator has moved into bearish territory with a reading of –0.4369. The Zacks Rank #4 (“Sell”) stock decreased more than 0.39% to $43.11 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2013 has decreased by 6 cents over the past month to $3.00 per share.


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