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Bearish MACD for Scholastic Corp.

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Scholastic Corp. s (SCHL - Free Report) MACD indicator has moved into bearish territory with a reading of –0.5545. The Zacks Rank # 5 (“Strong Sell”) stock decreased more than 0.79% to $26.52 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending May 2013 has decreased by 44 cents over the past two months to $1.09 per share.


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