Longer Term Trading Plans for XRX
- Buy XRX near 5.04 target 6.3 stop loss @ 5.03
- Short XRX slightly under 6.3, target 5.04, stop loss @ 6.32
May 20, 2025, 15:40 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy XRX near 5.04 with an upside target of 6.3. This data also tells us to set a stop loss @ 5.03 to protect against excessive loss in case the stock begins to move against the trade. 5.04 is the first level of support below 5.315 , and by rule, any test of support is a buy signal. In this case, support 5.04 is being tested, a buy signal would exist.
The technical summary data is suggesting…