• Return to Headlines

Xerox Corp Falls 1.93% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Xerox Corp (NYSE:XRX) traded in a range yesterday that spanned from a low of $34.49 to a high of $34.95. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $34.65 on volume of 483,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Xerox Corp has traded in a range of $18.58 to $35.23 and is now at $34.65, 86% above that low. The 200-day and 50-day moving averages have moved 0.52% higher and 0.60% higher over the past week, respectively.

Keywords: rebounders xerox corp

Ticker(s): XRX