November 21, 2010

Inverted head and shoulders of STAPLES INC

  • Staples with an inverted head and shoulders.
  • If the stock sustains above 20.85 this one can hit 23.25 in the short term.
  • has support at 20.25 in weekly chart. The second chart shows how price is trending above the 20 Week moving average which should give support for the stock.
  • Price is yet to give a breakout above the neck line in daily chart. Look for a breakout in daily chart to go long.

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