Bearish MACD for Medical Action Industries - Tale of the Tape

Medical Action Industries's (MDCI) MACD indicator has moved into bearish territory with a reading of -0.0244. The Zacks #4 Rank (“Sell”) stock decreased more than 1% to $8.90 in the morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending March 2011 has decreased by 4 cents over the past month to 53 cents per share.
 
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