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Bearish MACD for Mellanox Technologies, Ltd. - Tale of the Tape

By: Zacks.com
Posted: 1/11/2013 10:58:00 AM
Referenced Stocks: MLNX

Mellanox Technologies, Ltd. 's ( MLNX ) 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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