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Shares of Xerox Has Risen Above Previous 52-Week High

By David Diaz

Shares of Xerox (NYSE:XRX) traded today at $28.96, breaking its 52-week high. So far today approximately 467,000 shares have been exchanged, as compared to an average 30-day volume of 8.2 million shares.

Xerox share prices have moved between a 52-week high of $28.96 and a 52-week low of $6.46 and are now trading 347% above that low price at $28.89 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

Based on a current price of $28.89, Xerox is currently 70.6% above its average consensus analyst price target of $8.50. The stock should discover initial support at its 50-day moving average (MA) of $10.52 and subsequent support at its 200-day MA of $10.20.

Xerox Corporation develops, manufactures, markets, services, and finances a range of document processing products and services for use in offices around the world. The Company also, through subsidiaries, provides network management, consulting, design, and integration services for medium and large companies.

SmarTrend is monitoring the recent change of momentum in Xerox. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Xerox in search of a potential trend change.

Keywords: 52 week high/lows xerox

Ticker(s): XRX