NYSE:XRX
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 sleeper will pay off BIG soon if it can stay high.
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 sleeper will pay off BIG soon if it can stay high.