MEDICAL ACTION IND INC (NASDAQ:MDCI), Down By 7.22% ($0.63) From $8.730 After BUYINS.NET Report Predicted Stock Would Go Down D
May 26, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Monday, April 18th 2011 stating that MEDICAL ACTION IND INC (NASDAQ:MDCI) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=mdci&id=161080
At the time this story was written, MEDICAL ACTION IND INC (NASDAQ:MDCI) is Down By $0.63 (7.22%) since the BUYINS.NET report was released.
The movement of stock prices in the days and weeks leading to and following specific fundamental or technical events may follow a predictable pattern. Many companies stock price histories show random or unpredictable movements around certain events. But some seem to repeat the same pattern quarter after quarter, year after year. We use powerful computers to uncover those events and correlations to generate predictions with high probabilities of generating very specific returns within very specific time periods.
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MEDICAL ACTION IND INC (NASDAQ:MDCI) - Medical Action Industries Inc. develops, manufactures, markets, and supplies disposable medical products primarily in the United States. It offers patient bedside products, such as wash basins, bedpans, pitchers and carafes, urinals, and emesis basins; minor procedure kits and trays comprising I.V. start kits, central line dressing trays, suture removal trays, sharp debridement and venipuncture trays, ear and ulcer syringes, laceration trays, and instruments and instrument trays; and containment systems for medical waste, including biohazardous waste containment and autoclave bags, non-infectious medical waste bags, chemotherapy waste containment bags, laundry and linen containment systems and disposable bags, laboratory specimen transport bags, patient belonging bags, sharps containment systems, and sterility maintenance and equipment dust covers. The company also offers operating room disposables and sterilization products consisting of disposable operating room towels, surgical marking pens, patient aids, needle counters, light shields, convenience kits, surgical headwear and shoe covers, isolation gowns, sterilization pouches and indicators, crutches, walkers, canes, and patient slippers; and dressings and surgical sponges comprising burn dressings, disposable laparotomy and specialty surgical sponges, gauze sponges, sponge counting systems, and conforming bandage rolls. In addition, the company provides laboratory products, such as petri dishes, specimen containers, commode specimen collectors, triangular graduates, and tri-pour beakers. Further, it manufactures its products under private label programs to other distributors and medical suppliers. The company sells its products directly, as well as through distributors principally to acute care facilities; physician, dental, and veterinary offices; out-patient surgery centers; and long-term care facilities. The company was founded in 1977 and is headquartered in Brentwood, New York.
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