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Bearish MACD for Medifast
January 04, 2012

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Medifast, Inc.’s (MED - Free Report) MACD indicator has moved into bearish territory with a reading of -0.0453. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 2% to $14.48 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ended December 2011 has decreased by 2 cents over the past two months to $1.42 per share.

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