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Xerox Corp Set to Possibly Pullback After Yesterday's Rally of 1.09%

By Amy Schwartz

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.

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.

In the past 52 weeks, shares of Xerox Corp have traded between a low of $21.83 and a high of $39.47 and are now at $37.18, which is 70% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.45% higher over the past week, respectively.

Keywords: rebounders xerox corp

Ticker(s): XRX