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Bearish MACD for Globe Specialty Metals, Inc.

Siddhartha Pahari

Globe Specialty Metals, Inc.’s (GSM) MACD indicator has moved into bearish territory with a reading of –0.1702. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1.24 % to $12.09 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending June 2012 has decreased by 6 cents over the past two months to 82 cents per share.


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