Xerox Makes a Move: Up 2.0%

25 Nov

Xerox  is one of today’s notable stocks on the rise, up 2.0% to $7.70. The Dow Jones Industrial Average is now trading 0.8% higher to 11,347 and the S&P is trading 0.8% higher to 1,171.

There is potential upside of 31.5% for shares of Xerox based on a current price of $7.70 and an average consensus analyst price target of $10.12. Xerox shares should first meet resistance at the 50-day moving average (MA) of $7.76 and find additional resistance at the 200-day MA of $9.29.

In the past 52 weeks, Xerox share prices have been bracketed by a low of $6.55 and a high of $12.08 and are now at $7.70, 18% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

Xerox Corp. develops, manufactures, markets, services, and finances a range of document processing products and services for use in offices around the world. The Company also, through subsidiaries, provides network management, consulting, design, and integration services for medium and large companies.

Source: fnno

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