Bearish MACD for Mercadolibre Inc. - Tale of the Tape

By Zacks.com,  July 30, 2012, 11:18:53 AM EDT

Mercadolibre Inc. 's ( MELI ) MACD indicator has moved into bearish territory with a reading of -0.4422. The Zacks #4 Rank ("Sell") stock decreased more 7.86% to $69.76 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 month to $2.14 per share.

 


 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Investing Ideas, Stocks

Referenced Stocks: MELI



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