Technician
Short

Xerox: Signs of a Top!

NYSE:XRX   XEROX CORP
519 1 9
It's likely that Xerox             shares will resume the bearish wave following the ongoing pullback

  • Potential head and shoulders
  • Long term trend line break
  • 52-week Simple moving average break
  • Bearish divergence on RSI

I am expecting a retest of the major horizontal support at 12.10. A beak above 14.00 will probably negate this scenario.

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Target Reached on this one.. Also a bearish breakout
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