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Bearish MACD for OfficeMax Inc.

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OfficeMax Inc.’s MACD indicator has moved into bearish territory with a reading of –0.0699. The Zacks Rank # 4 (“Sell”) stock decreased more than 1.97% to $11.42 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2013 has decreased by a cent over the past week to 81 cents per share.


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