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New York, March 20th ( - Shares of Xerox Corporation (NYSE:XRX) are trading very close to calculated resistance at $8.75. The stock ended the trading session at just $8.62, which is near levels that make it difficult to buy or start a position.

Xerox Corporation (NYSE:XRX) develops, manufactures, markets, and services a range of document imaging and processing products and services for use in offices around the world.

Xerox's stock range is defined by its calculated support defined at $7.88 and by the resistance level at $8.75; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Xerox. However, as the stock pulls back towards $7.88 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $8.75 then traders will get an opportunity to enter the stock as it moves to a higher range.

Stock Market

o Dow Jones 17,050.75 ▲138.46 (0.82%)
o S&P 500 2,013.43 ▲17.60 (0.88%)
o NASDAQ 4,810.79 ▲19.64 (0.41%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,050.75 Trade time:4:08PM EDT Value change:▲138.46 (0.82%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,013.43 Trade time:4:08PM EDT Value change:▲17.60 (0.88%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,810.79 Trade time:4:08PM EDT Value change:▲19.64 (0.41%)
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