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Xerox Corp Crosses Above its 10-day MA (XRX)

By Nick Russo

Xerox Corp (NYSE:XRX) crossed over its 10-day moving average of $28.35 on a volume of 168K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Xerox Corp has traded in a range of $18.58 to $36.58 and is now at $28.64, 54% above that low. The 200-day and 50-day moving averages have moved 0.02% higher and 1.06% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Xerox Corp on July 31st, 2019 by issuing a Downtrend alert when the shares were trading at $31.89. Since that call, shares of Xerox Corp have fallen 11.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses xerox corp

Ticker(s): XRX