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Actionable news in SPLS: Staples, Inc.,

Staples Stock Plunges: Should You Buy Now?

Shares of Staples (SPLS - Get Report) are getting pounded this morning on news that the federal government blocked its merger with Office Depot (ODP - Get Report) . The stock is off over 15% after opening the session with a huge downside gap. This news-inspired plunge is attracting very heavy volume, driving shares through multiple layers of support.

Downside momentum of this magnitude will do extreme damage to the stock. For...