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After Yesterday's Decline of 1.43%, Xerox Corp Offers Investors Better Value

By James Quinn

Xerox Corp (NYSE:XRX) traded in a range yesterday that spanned from a low of $24.75 to a high of $25.54. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $25.50 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Xerox Corp have traded between a low of $23.52 and a high of $37.42 and are now at $24.86, which is 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

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

Keywords: rebounders xerox corp

Ticker(s): XRX