Watch for Xerox to Potentially Pullback After Gaining 4.49% Yesterday
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[February 14, 2012]

Watch for Xerox to Potentially Pullback After Gaining 4.49% Yesterday

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- Xerox (NYSE:XRX) traded in a range yesterday that spanned from a low of $7.98 to a high of $8.38. Yesterday, the shares gained 4.5%, which took the trading range above the 3-day high of $8.07 on volume of 26.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


SmarTrend recommended that subscribers consider buying shares of Xerox on October 21st, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.76. Since that recommendation, shares of Xerox have risen 3.4%. We continue to monitor XRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Xerox share prices have moved between a 52-week high of $11.50 and a 52-week low of $6.55 and are now trading 28% above that low price at $8.38 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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