SmarTrend identified an Uptrend for OfficeMax (NYSE:OMX) on November 6th, 2012 at $8.12. In approximately 4 weeks, OfficeMax has returned 20.89% as of today's recent price of $9.81.

In the past 52 weeks, shares of OfficeMax have traded between a low of $4.10 and a high of $10.62 and are now at $9.81, which is 139% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.7%.

OfficeMax Inc sells and market office products. The Company distributes and retails a variety of products such as office supplies, technology products, and business furniture. OfficeMax sells through stores located throughout the United States, Canada, and Mexico, and many of the products are also sold through its catalog and online.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of OfficeMax shares.

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