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Xerox Corporation ( $XRX ) is one of the best stock to buy and offering possible buying price between $35.28 – $37.04, as of June 24th, 2019. Let’s look at the stocks technical actions using a weekly chart.
2. The stock witnessed a massive sell off on record volume back in December 2018.
3. However, the started to bounce back right away, and staged a rock solid breakout in February.
4. The stock had great run after that.
5. It witnessed a minor reaction and consolidated the gains, but the lost the 50 day moving average support, though.
6. But, the stock regained the momentum and offering potential buying price between $35.28 – $37.04 with a stop loss at $32.46.
