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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 –2.6810. The Zacks Rank # 5 (“Strong Sell”) stock decreased more than 1.11% to $52.63 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2013 has decreased by $1.08 over the past week to $1.43 per share.


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