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

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

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PR Newswire

LONDON, June 20, 2013

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

http://www.aaaresearchreports.com/register/ 

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:

http://www.AAAResearchReports.com/ODP062013.pdf

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:

http://www.AAAResearchReports.com/CNI062013.pdf

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:

http://www.AAAResearchReports.com/EXPR062013.pdf

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