Hey guys, I just received an Thursday exit signal for OfficeMax (OMX) on stockspotter. The original signal was long and, after getting out, I made 3.32% from the trade! The shares of office supply retailers declined Thursday morning as an analyst cut his ratings and price targets for Staples Inc. and OfficeMax Inc., saying sales for the sector are likely to remain weak for some time. On Wednesday Staples reported first-quarter earnings and revenue that missed Wall Street’s expectations and lowered its full-year earnings guidance on weaker-than-expected sales. Given this, I suggest getting out of OfficeMax if you happen to be holding a position. This evening stockspotter has 4 new entry and 12 new exit signals
Additional Company Info: OfficeMax Incorporated, together with its subsidiaries, distributes business-to-business and retail office products. The Officemax Contract segment markets and sells office supplies and paper, technology products and solutions, office furniture, and print and document services directly to corporate and government offices, as well as to small and medium-sized offices in the United States, Canada, Australia, New Zealand, and Puerto Rico. It sells its products through field salespeople, outbound telesales, catalogs, the Internet, and office products stores.