Today's Technical View: Office Depot, Canadian National Railway, and Express
Editor Note: For more information about this release, please scroll to bottom
LONDON, June 20, 2013 /PRNewswire/ --
The U.S. equity market plunged on Wednesday, June 19, 2013, after comments from Federal Reserve Chairman Ben Bernanke suggested that the central bank could start easing its bond buying program towards the end of this year. The Fed's Chairman said that the central bank could start tapering its $85 billion a month bond buying program towards the end of this year if the economy continues to improve. All three benchmark indices tumbled following Ben Bernanke's commentary. The S&P 500 fell 1.39% to finish the day at 1,628.93, whilst The Dow Jones dropped 1.35%. The services sector ended mostly lower yesterday, and the major movers in the sector included Office Depot Inc. (NYSE: ODP), Canadian National Railway (USA) (NYSE: CNI), and Express Inc. (NYSE: EXPR). All these companies are tracked by AAAResearchReports.com. Free in-depth technical analysis on ODP, CNI, and EXPR are currently available upon sign up at
Shares in Office Depot Inc. saw a sharp drop on Wednesday, tracking losses in the broader market. The company's shares ended the day 1.62% lower at $4.24. A total of 3.33 million shares were exchanged, which is less than half of the daily average volume of 6.78 million. Office Depot's shares are trading below their 50-day and 200-day moving averages. However, the stock's MACD is trading below the signal line. In the last three months, shares of this specialty retailer have gained 4.69%. Sign up for free technical analysis on ODP at:
Canadian National Railway's stock was one of the worst performers in the services sector yesterday. The company's shares traded between $97.47 and $99.33 before finishing the day 1.43% lower at $97.82. A total of 480,950 shares were traded which is below the daily average volume of 631,978. In the last three months, Canadian National Railway's shares have risen by 1.43%, but it is still underperforming the S&P 500. The stock has recently slipped below its 50-day and 200-day moving averages. Download free report on CNI by registering at:
Express Inc.'s stock fell sharply on Wednesday, tracking losses in the broader market. The company's shares ended the day at $20.91, down 2.15%, after trading between $20.90 and $21.39. A total of 825,933 shares exchanged which is below the daily average volume of 1.26 million. Despite the pullback, the company's shares are trading near their 52-week high of $22.18. In the last three months, the stock has risen by 17.67%, thus outperforming the S&P 500. Its MACD, however, recently crossed below the signal line. A free report on EXPR can be accessed by registering at:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE AAA Research Reports
More by this Source
AAAResearchReports.com Technical Input: Darling Intl., Emerson Electric, Textron, and Colfax
Jan 16, 2014, 08:09 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.