Earnings play. Lets see if this gaps up on earnings or trails to $18...
Overall I am bullish on this I believe there is definitely a better chance of this going up then down.
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XRX has recently broke out of the key resistance level and stayed out for more than a week.
We can see this pull back to test that level again,
or continue it's momentum upwards.
I do see 27.07 being a brief minor resistance.
I wouldn't take everything off, but I would definitely trim and reassess.
Stock making a move on the back of Carl Icahn purchasing over 1 million
shares, resulting in a 14% overall holding.
Speculation will rise as to his intentions.
$20.00 has been major resistance so a break above that level
could ignite a nice rally. .
Major Targets $23.50 - $25.00
Xerox Holdings Corp (XRX, $18.77) is predicted by Tickeron A.I.dvisor to grow by 4% to $19.52 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 80%. Current price $18.63 crossed the resistance line at $18.63 and is trading between $18.63...
XRX is on breakout watch but it may not be as easy as the chart suggests giving the long
history within this zone.
Alert is set for a break above Volume shelf @ $19.65 with potential targets $20.50 $21.75 $23.00
Xerox is still holding inside its descending channel, but is continuing to hover near resistance. Anything above 17.80 is still considered a buy and the present analysis is still in play. However, a break below 17.80 could result in a retesting of support of the channel. Look for a break out of the descending wedge and a retest of resistance, this...
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.
Xerox Holdings Corp. operates as a holding company. The firm through its subsidiary provides printing and digital document products and services. The company was founded on March 11, 2019 and is headquartered in Norwalk, CT.