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Staples Bearish Moving Average Crossover Alert (SPLS)

By Shiri Gupta

Staples (NASDAQ:SPLS) crossed under its 10-day moving average of $9.13 on a volume of 8.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Staples share prices have been bracketed by a low of $8.00 and a high of $16.84 and are now at $8.55, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Staples and will alert subscribers who have SPLS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Staples

Ticker(s): SPLS