Is This the Top for Office Depot Inc. (ODP)

Zacks

Office Depot Inc. (ODP) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ODP is now in overbought territory with an RSI value of 75.4. Furthermore, estimates for Office Depot Inc. have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.



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