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Shares of Xerox Corp Rise Above Previous 52-Week High

By Shiri Gupta

Xerox Corp (NYSE:XRX) traded at a new 52-week high today of $35.05. So far today approximately 253,000 shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.

Xerox Corp (NYSE:XRX) has potential upside of 6.3% based on a current price of $35.05 and analysts' consensus price target of $37.25. Xerox Corp shares have support at the 50-day moving average (MA) of $31.61 and additional support at the 200-day MA of $27.16.

In the past 52 weeks, Xerox Corp share prices have been bracketed by a low of $18.58 and a high of $35.05 and are now at $35.05, 89% above that low price. The 200-day and 50-day moving averages have moved 0.55% higher and 1.18% higher over the past week, respectively.

Xerox Corporation develops document management technology solutions. The Company offers workflow automation, enterprise content management, document transaction processing, packaging printing, and managed print services. Xerox serves banking, education, government, healthcare, manufacturing, and retails industries worldwide.

SmarTrend is tracking the current trend status for Xerox Corp and will alert subscribers who have XRX in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows xerox corp

Ticker(s): XRX