Bearish MACD for MDCI
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.
Read the full analyst report on MDCI

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