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Tale of the Tape

Zacks Equity Research

Is This the Top for OfficeMax Inc. (OMX)
September 30, 2013

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OfficeMax Inc. has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because OMX is now in overbought territory with an RSI value of 72.2. Furthermore, estimates for the OfficeMax Inc. have been coming down, pushing it to Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.