Steven Madden, Ltd.’s (SHOO) MACD indicator has moved into bearish territory with a reading of –0.0590. The Zacks Rank #4 (“Sell”) stock decreased more than 0.84% to $44.90 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2013 has decreased by 6 cents over the past month to $3 per share.
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