Bearish MACD for hhgregg, Inc.

Zacks

hhgregg, Inc.’s (HGG) MACD indicator has moved into bearish territory with a reading of –0.1399. The Zacks #5 Rank (“Strong Sell”) stock decreased more 3.39% to $6.85 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending March 2013 has decreased by 28 cents over the past two months to 93 cents per share.

 

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