Bearish MACD for MDCO – Tale of the Tape

The Medicines Company’s (MDCO) MACD indicator has entered into bearish territory with a reading of -0.2239. The Zacks #4 Rank (“Sell”) stock decreased slightly $16.31 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by 6 cents over the past month to $1.14 per share.