Applied Micro Circuits Corporation‘s (AMCC) MACD indicator has entered into bearish territory with a reading of -0.0312. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $7.37 in morning trade. The Zacks Consensus Estimate for the year ending March 2012 has worsened by 14 cents over the past month to a loss of 41 cents per share.
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Zacks Investment Research
