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Xerox Corp Bearish Moving Average Crossover Alert (XRX)

By Amy Schwartz

Xerox Corp (NYSE:XRX) shares have crossed bearishly below their 10-day moving average of $34.23 on a volume of 469K 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 $35.18 and a 52-week low of $18.58 and are now trading 83% above that low price at $34.08 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.8%.

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: moving crosses xerox corp

Ticker(s): XRX