Staples Above Average Volume

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 17,550.69 ▼47.51 (-0.27%)
o S&P 500 2,093.32 ▼4.72 (-0.22%)
o NASDAQ 5,105.55 ▼9.84 (-0.19%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,550.69 Trade time:4:30PM EDT Value change:▼47.51 (-0.27%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,093.32 Trade time:4:30PM EDT Value change:▼4.72 (-0.22%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:5,105.55 Trade time:5:15PM EDT Value change:▼9.84 (-0.19%)

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