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TMCNet:  Staples Has Returned 20.5% Since SmarTrend Recommendation (SPLS)

[January 16, 2013]

Staples Has Returned 20.5% Since SmarTrend Recommendation (SPLS)

Jan 16, 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 20.52% as of today's recent price of $12.28.

Over the past year, Staples has traded in a range of $10.57 to $16.93 and is now at $12.28, 16% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.3%.

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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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