11.03.2015 - The price of Staples has moved beyond the triangle

The stock price of Staples Inc. has broken the lower boundary of the triangle at 16.30 and now is trying to gain a foothold below it. In case of success, we recommend to open short positions with a stop above the local maximum at 17.00 and objectives at 15.00 and 13.50. According to our estimates, quotations, will continue to fall in the near future, and we recommend to open short positions and expect a drop in prices in the medium term.

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