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Downtrend Call Working As Staples Stock Falls 27.0% (SPLS)Dec 25, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Staples (NASDAQ:SPLS) on April 23rd, 2012 at $15.45. In approximately 8 months, Staples has returned 26.99% as of today's recent price of $11.28. In the past 52 weeks, Staples share prices have been bracketed by a low of $10.57 and a high of $16.93 and are now at $11.28, 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%. Staples, Inc. retails office supplies, furniture, and technology. The Company's customers include consumers and businesses in the United States, Canada, the United Kingdom, and Germany. Staples serves its customers through office superstores, mail order catalogs, the Internet, and a contract business. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Staples. Log in and add Staples (SPLS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |