Peet’s Coffee & Tea, Inc.’s (PEET) MACD indicator has moved into bearish territory with a reading of -0.0278. The Zacks #4 Rank (“Sell”) stock decreased slightly to $46.35 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending 2011 has decreased by a cent over the past week to $1.56 per share.
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