Bearish MACD for Orthofix (OFIX)

Orthofix International NV (OFIX) MACD indicator has moved into bearish territory with a reading of -0.0174. The Zacks #4 Rank (“Sell”) stock declined slightly to $31.50 in afternoon trade. The Zacks Consensus Estimate on the company’s earnings for 2011 has reduced by 23 cents over the past month to $2.25 per share.

ORTHOFIX INTL (OFIX): Free Stock Analysis Report
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