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spls New York, December 11th (TradersHuddle.com) - Unusual high volume detected on shares of Staples, Inc. (NASDAQ:SPLS) early in the trading session. The pace in volume of Staples is already above average, with sellers in control, as the stock is 0.61% lower.

Staples, Inc. (NASDAQ:SPLS) is an office supplies, furniture, and technology retailer. The Massachusetts based company serves its customers through office superstores, mail order catalogs, the Internet, and a contract business.

Staples has already traded 1.102 times its 3-month average volume and has calculated support and resistance at $11.15 and $11.97 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading higher by 1.02% from its previous trading close, which means that Staples stock is underperforming the overall market.

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o Dow Jones 17,730.11 ▼27.80 (-0.16%)
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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:17,730.11 Trade time:5:20PM EDT Value change:▼27.80 (-0.16%)
INDEXSP:.INX

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Company ID [INDEXSP:.INX] Last trade:2,076.78 Trade time:5:20PM EDT Value change:▼0.64 (-0.03%)
INDEXNASDAQ:.IXIC

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Company ID [INDEXNASDAQ:.IXIC] Last trade:5,009.21 Trade time:5:15PM EDT Value change: (%)

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