Xerox Is Near a Key Resistance Area

New York, March 27th (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 $8.58, 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 17,356.19 ▲160.77 (0.93%)
o S&P 500 2,013.30 ▲18.65 (0.94%)
o NASDAQ 4,623.90 ▲57.76 (1.26%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,356.19 Trade time:2:28PM EDT Value change:▲160.77 (0.93%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,013.30 Trade time:2:28PM EDT Value change:▲18.65 (0.94%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,623.90 Trade time:2:28PM EDT Value change:▲57.76 (1.26%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.