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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