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Bearish MACD for Mellanox Technologies, Ltd.

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Mellanox Technologies, Ltd.’s (MLNX - Free Report) MACD indicator has moved into bearish territory with a reading of –6.1260. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 0.62% to $49.77 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 22 cents over the past month to $2.90 per share.


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