Bearish MACD for Perfect World - Tale of the Tape

Perfect World Co Ltd.(PWRD) MACD indicator has moved into bearish territory with a reading of -0.0082. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $24.71 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending 2010 has decreased by 56 cents over the past two month to $2.60 per share.
 
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