• Return to Headlines

Watch for Xerox Corp to Potentially Pullback After Gaining 1.09% Yesterday

By James Quinn

Xerox Corp (NYSE:XRX) traded in a range yesterday that spanned from a low of $36.93 to a high of $37.30. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $37.18 on volume of 272,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Xerox Corp share prices have been bracketed by a low of $21.83 and a high of $39.47 and are now at $37.18, 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Xerox Corp on September 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.83. Since that recommendation, shares of Xerox Corp have risen 19.1%. We continue to monitor XRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders xerox corp

Ticker(s): XRX