TMCNet:  Staples Down 23.6% Since SmarTrend Downtrend Call (SPLS)

[January 08, 2013]

Staples Down 23.6% Since SmarTrend Downtrend Call (SPLS)

Jan 08, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Staples (NASDAQ:SPLS) on April 23rd, 2012 at $15.45. In approximately 9 months, Staples has returned 23.62% as of today's recent price of $11.80.

Staples share prices have moved between a 52-week high of $16.93 and a 52-week low of $10.57 and are now trading 12% above that low price at $11.80 per share. The 200-day and 50-day moving averages have moved 0.55% lower and 0.23% higher over the past week, respectively.

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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