PDL BioPharma Inc.’s (PDLI) MACD indicator has moved into bearish territory with a reading of –0.0316. The Zacks #4 Rank (“Sell”) stock decreased more than 1.57% to $7.52 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 6 cents over the past month to $1.41 per share.
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