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Bearish MACD for Globus Medical Inc.

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Globus Medical Inc.’s (GMED - Free Report) MACD indicator has moved into bearish territory with a reading of –0.9467. The Zacks #4 Rank (“Sell”) stock decreased more than 0.85% to $11.63 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 3 cents over the past two months to 78 cents per share.


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