Xerox trapped in a hesitant place - Analysis - 30-11-2022

Economies.com
2 months ago

Xerox Holdings' stock (XRX) rose in the intraday levels, while buoyed by trading above the 50-day SMA, amid the dominance of the main downward trend in the short term, with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect the stock to return lower, targeting the support of 14.10, provided the resistance of 16.26 holds on.

 

Expected trend for today: Bearish

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