Approaching Resistance: Xerox

New York, March 20th (TradersHuddle.com) - 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.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,563.30 ▼317.06 (-1.88%)
o S&P 500 1,930.67 ▼39.40 (-2.00%)
o NASDAQ 4,369.77 ▼93.13 (-2.09%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,563.30 Trade time:4:33PM EDT Value change:▼317.06 (-1.88%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,930.67 Trade time:4:33PM EDT Value change:▼39.40 (-2.00%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,369.77 Trade time:5:15PM EDT Value change:▼93.13 (-2.09%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.