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Office Depot Inc (ODP) Approaches New Upside Target of $2.43

By Amy Schwartz

Shares of Office Depot Inc (NASDAQ:ODP) have bullishly opened above the pivot of $2.36 today and have reached the first resistance level of $2.39. Investors may be interested in a cross of the next upside pivot targets of $2.43 and $2.50.

Potential upside of 0.0% exists for Office Depot Inc, based on a current level of $0.00 and analysts' average consensus price target of $3.30. The stock should find initial resistance at its 50-day moving average (MA) of $6.27 and further resistance at its 200-day MA of $6.51.

Office Depot Inc share prices have moved between a 52-week high of $6.25 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Office Depot Inc on August 9th, 2017 by issuing a Downtrend alert when the shares were trading at $4.91. Since that call, shares of Office Depot Inc have fallen 52.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts office depot inc

Ticker(s): ODP