Bullish MACD for MELI


MercadoLibre, Inc.’s (NasdaqGS:MELI - News) 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.

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