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Bearish MACD for Allete
Allete Inc.’s (ALE - Snapshot Report) MACD indicator has moved into bearish territory with a reading of -0.1048. The Zacks #5 Rank (“Strong Sell) stock declined more than 1% to $33.07 in morning trade. The Zacks Consensus Estimate on the company’s full-year earnings has decreased by 12 cents over the past week to $2.01 per share.
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| Market Summary | Nov 22, 2009 05:57 am ET |
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