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Xerox Corp Bearish Moving Average Crossover Alert (XRX)

By James Quinn

Today, shares of Xerox Corp (NYSE:XRX) have crossed bearishly below their 10-day moving average of $30.96 on a volume of 442K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Xerox Corp share prices have moved between a 52-week high of $32.31 and a 52-week low of $18.58 and are now trading 65% above that low price at $30.74 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.6%.

SmarTrend recommended that subscribers consider buying shares of Xerox Corp on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.87. Since that recommendation, shares of Xerox Corp have risen 44.3%. We continue to monitor XRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses xerox corp

Ticker(s): XRX