Today's Technical View: Office Depot, Canadian National Railway, and Express

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Jun 20, 2013, 11:34 ET from AAA Research Reports

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 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:



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