Bullish MACD for MELI - Tale of the Tape

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MercadoLibre, Inc. 's ( MELI ) MACD indicator has entered into bullish territory with a reading of 0.6557. The Zacks #1 Rank ("Strong Buy") stock increased slightly to $86.95 in morning trade. The Zacks Consensus Estimate for the year ended December 2011 has increased by a cent over the past week to $1.76 per share.


 
MERCADOLIBRE IN ( MELI ): Free Stock Analysis Report
 
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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 Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks


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