SmarTrend identified a Downtrend for Staples (NASDAQ:SPLS) on April 23rd, 2012 at $15.45. In approximately 8 months, Staples has returned 26.21% as of today's recent price of $11.40.

In the past 52 weeks, Staples share prices have been bracketed by a low of $10.57 and a high of $16.93 and are now at $11.40, 8% above that low price. The 200-day and 50-day moving averages have moved 0.67% lower and 0.02% lower 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.

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