Bearish MACD for The Pantry Inc - Tale of the Tape

The Pantry, Inc.'s (PTRY) MACD indicator has entered into bearish territory with a reading of -0.0892. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 3% to $13.07 in morning trade. The Zacks Consensus Estimate on the company's earnings for 2011 has reduced 26 cents over the past month to $1.44 per share.
 
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