Staples Pops And Drops, $12 Has Been Solid Support Recently

shares are trading higher by only $0.14 to $12.19 on Thursday's session. At 10:04 a.m. ET, it spiked to $12.79 when the company announced increased efforts to win approval for its merger with

. The current high is just above the pair of highs under $12.75 from mid-November. $12 has been rock solid support in the issue, as it has bottomed at $12.02 or $12.03 in each of the last four sessions including today.