XRX Long supported by insiders

In one of my previous ideas, I wrote about a long position in XRX. Today, in daily insiders trading emails I saw that new forms submitted to SEC stated that insiders bought 171 thousand of XRX stocks, which is about $2.5 million. Giving the fact, that XRX formed a beautiful bullish engulfing pattern near the lower border of the COVID-19 range, I consider it a good long trigger.

Please note that I hold XRX stocks. As always, please note that this analysis is my point of view, and trading is a risky activity. You are the only responsible for your trading actions. Now, with disclaimers being said, let's take a look at the trade.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.