Staples breaks out, new bullish pattern in progress The shares are up over 3.3% at time of writing, breaking out of the top of what was a short-term bearish price channel. That channel forms the "flag" of a bearish flag pattern that is now active as a result. Upside potential for the pattern is to the $15 area. Goldman earlier upgraded the stock to Neutral.
Staples upgraded to Buy from Neutral at UBS UBS upgraded Staples (SPLS) to Buy based on favorable risk/reward and potential synergies and earnings growth from the Office Depot (ODP) acquisition. Price target raised to $20 from $18.