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Bearish MACD for MDCI

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June 15, 2011 | Comment(s): 0
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Medical Action Industries’s (MDCI - Snapshot Report) MACD indicator has moved into bearish territory with a reading of -0.1720. The Zacks #4 Rank (“Sell”) stock decreased slightly to $8.24 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending March 2012 has dropped by 10 cents over the past month to 56 cents per share.

 

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