Xerox Holdings Corp. (NASDAQ: $XRX) Facing Strong Resistance

BATS:XRX   Xerox Holdings Corporation

XRX stock is facing a strong resistance at $18.36, which is the 52-week high and the upper boundary of a descending triangle pattern.

XRX stock is below its 50-day and 200-day moving averages of $18.36 and $18.45, respectively. The moving averages are also sloping downward, indicating a negative momentum.

XRX has a low trading volume, which suggests a lack of interest and conviction among the traders and investors. The average volume for the past 10 days is $1.82 million, while the accumulated volume for today is $16.93 million. XRX may test multiple Support level's before reaching new highs.

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