OfficeMax (NYSE: OMX) NewsBite - OMX Hits 52-Week Low

Tue. September 30, 2008; Posted: 03:30 PM

Sep 30, 2008 (Fresh Brewed Media via COMTEX) -- OMX | Quote | Chart | News | PowerRating -- OfficeMax (NYSE: OMX | Quote | Chart | News | PowerRating) hit a new 52-Week low of $8.19 so far today. Currently the stock is down $0.93 (-9.61%) to $8.75 on 2,584,464 shares traded. Today's low is down $26.14 from a 52-Week high of $34.89. OfficeMax stock has been showing support around $8.28 and resistance in the $11.66 range. Technical indicators for the stock are bullish and S&P gives OMX a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on OMX the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 12.50 range.

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For full details on Officemax Inc (OMX) click here. Officemax Inc (OMX) has Short Term PowerRatings of 5. Details on Officemax Inc (OMX) Short Term PowerRatings is available at This Link.

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