RELATIVELY HIGH UPSIDE POTENTIAL DETECTED IN SHARES OF AMERICAN REPROGRAPHICS IN THE OFFICE SERVICES & SUPPLIES INDUSTRY

So said SmarTrend on June 1, 2011, when ARC’s stock price as at $7.59 per share.

Since then, ARC’s stock price has retreated; today at 11:00 a.m, ARC’s stock price is at $6.84 per share.

Here’s what SmarTrend said on June 1, 2011:

Jun 01, 2011 (SmarTrend(R) News Watch via COMTEX) -- Below are the top five companies in the Office Services & Supplies industry as measured by the potential gains between the current stock price and the projected average analyst target.

American Reprographics (NYSE:ARP) has a potential upside of 58.1% based on a current price of $7.59 and an average consensus analyst price target of $12.

HNI (NYSE:HNI - Snapshot Report) has a potential upside of 38.5% based on a current price of $24.91 and an average consensus analyst price target of $34.5.

Knoll (NYSE:KNL - Snapshot Report) has a potential upside of 35.5% based on a current price of $19.19 and an average consensus analyst price target of $26.

APAC Customer Services (NASDAQ:APAC - Snapshot Report) has a potential upside of 32.5% based on a current price of $5.85 and an average consensus analyst price target of $7.75.

Steelcase (NYSE:SCS - Snapshot Report) has a potential upside of 31.9% based on a current price of $10.87 and an average consensus analyst price target of $14.33.

SmarTrend currently has shares of HNI in an Downtrend and issued the Downtrend alert on March 11, 2011 at $29.64. The stock has fallen 15.9% since the Downtrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com