Office Depot (ODP) NewsBite - ODP Could Be On the Move

Posted: Monday, August 31, 2009 10:19 AM EDT
By: Market Intelligence Center Staff





Office Depot (ODP) could be on the move today and is now at $5.12, down $0.20 (-3.76%) on volume of 837,779 shares traded. Over the last 52 weeks the stock has ranged from a low of $0.59 to a high of $8.50. ODP was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw083109 . Office Depot stock has been showing support around $5.08 and resistance in the $5.52 range. Technical indicators for the stock are bearish and S&P gives ODP a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on ODP the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]



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More News For Office Depot (ODP):

Office Depot (ODP) Trading Slightly Higher, Sees 5x Average Call Volume

Thursday, December 29, 2011... Office Depot (NYSE: ODP) opened at $2.15. So far today, the stock has hit a low of $2.13 and a high of $2.17. ODP is now trading at $2.15, up $0.01......

http://www.marketintelligencecenter.com/newsbites/1324928

Office Depot (ODP) Down 2.7% Despite Being Upgraded By EVA Dimensions, LLC

Thursday, September 08, 2011... Office Depot (ODP) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $2.54, down $0.07 (-2.68%) on volume of 1,881,218......

http://www.marketintelligencecenter.com/newsbites/1299962

Office Depot (ODP) NewsBite - ODP Shifted To Neutral By Nomura

Wednesday, July 27, 2011... Office Depot (ODP) was upgraded today by analysts at Nomura and the stock is now at $3.79, down $0.10 (-2.57%) on volume of 5,930,572 shares traded......

http://www.marketintelligencecenter.com/newsbites/1290057

Office Depot (ODP) Up 1.4% Following Market Edge Upgrade

Wednesday, July 06, 2011... Office Depot (ODP) was upgraded today by analysts at Market Edge and the stock is now at $4.22, up $0.06 (1.44%) on volume of 1,762,735 shares......

http://www.marketintelligencecenter.com/newsbites/1285017

Office Depot (ODP) One of Today's Top Gainers So Far Up 4.4%

Wednesday, June 15, 2011... Office Depot (ODP) leads the list of top gainers so far today and is now at $3.92, up $0.17 (4.4%) on volume of 17,389,574 shares traded. Over the......

http://www.marketintelligencecenter.com/newsbites/1280445


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