Bullish MACD for FEI Company – Tale of the Tape

FEI Company’s (FEIC) MACD indicator has entered into bullish territory with a reading of 0.3316. The Zacks #1 Rank (“Strong Buy”) stock increased more than 2% to $39.84 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has increased by 3 cents over the past week to $2.35 per share.