Analogic Corp.'s (ALOG) MACD indicator has entered into bearish territory with a reading of -0.0167. The Zacks #4 Rank ("Sell") stock has declined slightly to $36.31 in afternoon trade. Analysts have been reducing their estimates on the company's fiscal 2009 earnings, with the consensus down 3 cents over the past week to 61 cents per share.

"ALOG" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Shares of Analogic Corp. (ALOG) have slumped nearly 8% today after reporting fiscal third-quarter earnings that fell short of expectations.

The maker of security and health imaging systems posted 21 cents per share, missing the consensus estimate by 15 cents, or nearly 42%. In the year-ago quarter, earnings reached 54 cents.

Sales dipped 9% to $93.6 million, as the ongoing economic downturn affected the demand for CT, MR, and motion control related systems.

Sales for medical imaging, the company's flagship segment, declined $8.5 million to $50 million, neutralizing modest improvements in the digital radiography and security technology segments.

The full-year average forecast has moved down 3 cents over the past 2 months to 90 cents per share.

ALOG, a Zacks #3 Rank ("Hold") stock, is trading on volume of approximately 156,000, compared to the average daily volume of about 80,000.

"ALOG" Free Stock Analysis: Buy? Sell? ...

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Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

AAON Inc (AAON) Belo Corp (BLC) Cadence Pharmaceuticals Inc (CADX) Caliper Life Sciences Inc (CALP) Covidien Ltd (COV) HLS Systems International Ltd (HOLI) HMS Holdings Corp (HMSY) Macrovision Solutions Corp (MVSN) Majesco Entertainment Co (COOL) NaviSite Inc (NAVI) Osteologix Inc (OLGX) Papa John's Int'l Inc (PZZA) Prudential Public Limited Co (PUK) Publicis Groupe SA (PUBGY) Reed Elsevier NV (ENL) Stericycle, Inc (SRCL) Valeant Pharmaceuticals International (VRX) Analogic Corp (ALOG) Centennial Communications Corp (CYCL) Dolan Media Co (DM) Endologix Inc (ELGX) HearUSA Inc (EAR) Lender Processing Services Inc (LPS) Stillwater Mining Co (SWC) Telstra Corporation Ltd (TLSYY) View the entire Zacks #1 Rank List.

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Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Access National Corp (ANCX) Analogic Corp (ALOG) Argon ST Inc (STST) Barloworld Ltd (BRRAY) Bio-Reference Laboratories Inc (BRLI) BioSante Pharmaceuticals Inc (BPAX) Blyth Inc (BTH) Claude Resources Inc (CGR) Cypress Semiconductor Corp (CY) Fair Isaac Inc (FIC) Gladstone Investment Corp (GAIN) Gold Fields Ltd (GFI) Hellenic Telecom Organization SA (OTE) Idacorp Inc (IDA) Jarden Corp (JAH) Liberty Media Corp (LCAPA) Macrovision Solutions Corp (MVSN) ManTech International Corp (MANT) MediciNova Inc (MNOV) Monro Muffler Brake Inc (MNRO) MWI Veterinary Supply Inc (MWIV) The Navigators Group Inc (NAVG) NMT Medical Inc (NMTI) OMNOVA Solutions Inc (OMN) Pearson Plc (PSO) Peet's Coffee & Tea Inc (PEET) Prudential Public Limited Co (PUK) ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aaron Rents Inc (RNT) Air Liquide (AIQUY) American Caresource Holdings Inc (ANCI) Analogic Corp (ALOG) ARCA Biopharma Inc (ABIO) Corcept Therapeutics Inc (CORT) DaVita Inc (DVA) Dendreon Corp (DNDN) Dolan Media Co (DM) Centrais Eletricas Brasileiras SA - Eletrobras (EBR.B) Gander Mountain Co (GMTN) Grupo Financiero Galicia SA (GGAL) Hansen Natural Corp (HANS) Jazz Pharmaceuticals Inc (JAZZ) Jos A Bank Clothiers Inc (JOSB) Local.com Corp (LOCM) Magellan Health Services Inc (MGLN) Matrixx Initiatives Inc (MTXX) The Navigators Group Inc (NAVG) Ocean Power Technologies Inc (OPTT) Prudential Public Limited Co (PUK) Stamps.com Inc (STMP) TreeHouse Foods Inc (THS) Varian Medical Systems Inc (VAR) World Acceptance Corp (WRLD) View the entire ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Agree Realty Corp (ADC) Allion Healthcare Inc (ALLI) Almost Family Inc (AFAM) American Equity Investment Life Holding (AEL) Analogic Corp (ALOG) AsiaInfo Holdings Inc (ASIA) AVX Corp (AVX) Bankinter SA (BKNIY) CGI Group Inc (GIB) Chipotle Mexican Grill Inc (CMG.B) Dana Holding Corp (DAN) Dillard's Inc (DDS) Emergency Medical Services Corp (EMS) Flowers Foods Inc (FLO) Forestar Group Inc (FOR) GENMAB A/S DKK (GNMSF) Glu Mobile Inc (GLUU) Hydrogenics Corp (HYGS) Intersil Corp (ISIL) KEMET Corp (KEME) Local.com Corp (LOCM) Mag Silver Corp (MVG) Metabasis Therapeutics Inc (MBRX) Northern Trust Corp (NTRS) NovaBay Pharmaceuticals Inc (NBY) PAREXEL International Corp (PRXL) Penwest Pharmaceuticals (PPCO) Prosperity Bancshares Inc (PRSP) ...

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No companies are expected to top expectations. CKE Restaurants, Inc. (CKE) and National Semiconductor Corporation (NSM) could miss estimates.

Just 49 companies have been confirmed to report for the second week of December. Within this group are S&P 500 members AutoZone, Inc. (AZO), Ciena Corporation (CIEN), Costco (COST), H&R Block, Inc. (HRB), The Kroger Co. (KR), National Semiconductor Corporation (NSM) and Pall Corporation (PLL).

(The light earnings calendar is typical for this time of year. Except for a mid-December bump when some early reporters give their end-of-year results, there will not be a significant number of earnings reports until the second-half of January.)

The scheduled economic data should not move the markets significantly. October pending homes sales might get more attention on Tuesday given the recent rebound in homebuilding stocks, but I don't expect it to have

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