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Bearish MACD for Medical Action Industries

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November 12, 2010 | Comment(s): 0
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MDCI
Medical Action Industries’s (MDCI - Snapshot Report) MACD indicator has moved into bearish territory with a reading of -0.0244. The Zacks #4 Rank (“Sell”) stock decreased more than 1% to $8.90 in the morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending March 2011 has decreased by 4 cents over the past month to 53 cents per share.

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