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Shares of Xerox Receive a Boost, Up 1.8%

Published on Wed, 07/03/2013 - 13:35
By Robert Cotter

One of today's stocks on the move is Xerox (NYSE:XRX), up 1.8% to $9.39. The S&P is trading fractionally higher to 1,616 and the Dow is trading 0.5% higher to 15,000.

Xerox share prices have moved between a 52-week high of $9.62 and a 52-week low of $6.10 and are now trading 54% above that low price at $9.39 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

There is potential upside of 0.6% for shares of Xerox based on a current price of $9.39 and an average consensus analyst price target of $9.45. The stock should find initial support at its 50-day moving average (MA) of $8.91 and further support at its 200-day MA of $7.91.

Xerox Corporation develops, manufactures, markets, services, and finances a range of document processing products and services for use in offices around the world. The Company also, through subsidiaries, provides network management, consulting, design, and integration services for medium and large companies.

By Robert Cotter
rcotter@fnno.com

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