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Xerox Corp Rises 1.04% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Xerox Corp (NYSE:XRX) traded in a range yesterday that spanned from a low of $34.70 to a high of $34.97. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $34.64 on volume of 872,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Xerox Corp share prices have moved between a 52-week high of $34.97 and a 52-week low of $18.58 and are now trading 88% above that low price at $34.89 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.2%.

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: rebounders xerox corp

Ticker(s): XRX