XRX On The Move?
When looking at XRX I get an alert that it is breaking resistance at $14.14. So, when checking the time frame continuity we can see that it is bullish on the hour, day, week, and month. This gets the technical side looking like we may have a bullish play. So, time to make some support and resistance lines which will be the price targets. The stop loss line is the red line at $13.71 and let's see if this stock has the momentum to close the gap made after earnings.
There is much pressure of holders at the $16.72 range of VWAP and they are in the group that may want out at a break even price. So be patient with this one.
RSI is in the middle and climbing gradually, if this trend is broken. The MACD is showing strength to the upside. If it beats earnings in July, this could easily move back to the VWAP area making for a nice move to the targets. Let's watch and see.
There is much pressure of holders at the $16.72 range of VWAP and they are in the group that may want out at a break even price. So be patient with this one.
RSI is in the middle and climbing gradually, if this trend is broken. The MACD is showing strength to the upside. If it beats earnings in July, this could easily move back to the VWAP area making for a nice move to the targets. Let's watch and see.
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