Can Staples Recover?
C = Catalyst for a Stock’s Movement
Staples is a worldwide office products company. The company provides office furniture, supplies, computer technology, printing services, and mailing services for consumers and businesses. With the increased progress that technology is seeing, Staples is poised to continue to deliver products that businesses and consumers need. Recent movements in the United States toward self-employment may also fuel profits for Staples.
T = Technicals on the Stock Chart are Weak
On the long-term price chart, Staples has been a part of a trading range. Can the stock see a break away from this range in the near future? More than likely, no. Look for the trading range to remain intact until positive catalysts begin to pop-out. Delving a little more into the price action, the stock has displayed a downtrend in recent years, so Staples looks to be headed towards to lower bound of the trading range…