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MercadoLibre Enters Oversold Territory
December 27, 2011

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MercadoLibre, Inc.’s (MELI - Free Report) share price has entered into oversold territory with a stochastic value of 18.389. The Zacks Consensus Estimate on the company’s earnings for December 2011 increased by 16 cents over the past two months to $1.72 per share. MercadoLibre, Inc is a Zacks #1 Rank (“Strong Buy”) company.

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