The SPLS chart seems bearish, is this a good time to short the stock?
SPLS Stock Analysis SPLS lost -2.32% on 01/28/11. SPLS is trading in the range of $22.17 - $23.75 in the past 30 days. Average True Range (Atr) is bullish for SPLS. Money Flow Index (MFI) is bullish and moving up for SPLS. On Balance Volume (OBV) is bearish and moving down for SPLS. The 10-day simple moving average is bearish and moving down for SPLS. Average volume decrease over 5% for SPLS. Stock performance base on day of week in the past 90 days. Monday: -1.08% Tuesday: -5.01% Wednesday: 10.67% Thursday: 7.72% Friday: -1.78%
Staples has its highest percentage of stores in the Northeast and one would expect that the weather to have an impact on volume. Improvements in the contract segment and continued share gains from weaker rivals should offset retail. I think that buying SPLS on dips will pay off well in the medium term.