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FiboTrader1

XRX to BUST out of channel

Long
FiboTrader1  
NYSE:XRX   None
Trend Analysis Chart Patterns Technical Indicators xerox XRX
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trendanalysis chartpattern indicator xerox xrx
NYSE:XRX

XRX has been bouncing off the resistance of its descending channel and is positioned to breakout and head towards R1 of $23.70. We have seen a lot of buying in the last 4 weeks to support this idea.
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