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Bearish MACD for True Religion Apparel, Inc.

Siddhartha Pahari

True Religion Apparel, Inc.’s (TRLG) MACD indicator has moved into bearish territory with a reading of –0.3370. The Zacks #4 Rank (“Sell”) stock decreased more than 1.05% to $22.56 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 14 cents over the past month to $1.83 per share.


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