Steven Madden, Ltd.’s (SHOO) MACD indicator has entered into bullish territory with a reading of 0.1973. The Zacks #2 Rank (“Buy”) stock increased more than 2% to $36.34 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has increased by 7 cents over the past month to $2.18 per share.
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