MercadoLibre, Inc.’s (MELI) share price has entered into oversold territory with a stochastic value of 9.44. The Zacks Consensus Estimate on the company’s earnings for December 2010 increased by a cent over the past two months to $1.27 per share. MercadoLibre, Inc. is a Zacks #2 Rank (“Buy”) company.
 
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