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Analysis: #NYSE: #XRX

Case 40 #Xerox Corp
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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XRX 1/6
Still far off the 2007 high at 53.17 and even further from the 1995 high at 63.94. For the last 10 years Xerox has been trading in a $22 range the short and medium term remains neutral but the long term is slightly bullish.

XRX 2/6
Chart 1
Monthly Chart: The 1995 #trendline pivot has been pierced but this is not a sign to go long. A monthly close above would add further bullishness. The resistances and supports have been presented.

XRX 3/6
Chart 2
Weekly Chart: An unfilled gap from 2012. A double top on the weekly chart - seems to be in progress, but further confirmation is required. On the monthly it's like a quadruple top.

XRX 4/6
Chart 3
Daily Chart: The #SMA 100 and SMA 50 remain supportive and the two unfilled gaps.

XRX 5/6
Chart 4
Monthly Chart: This stock is not a favourite of mine, especially due to the 10 year range.

The #Strategy is presented on the image.

XRX 6/6
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