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Bearish MACD for Tech Data Corp.

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Tech Data Corp.’s (TECD - Free Report) MACD indicator has moved into bearish territory with a reading of –0.7026. The Zacks Rank # 5 (“Strong Sell”) stock decreased more than 0.57% to $45.48 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2014 has decreased by 60 cents over the past two months to $5.24 per share.


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