Shares of Xerox Receive a Boost, Up 1.8%

Published on Mon, 05/04/2015 - 13:34
By Adrienne Chilton in Market movers, xrx, market movers, nyse:xrx, xerox

Xerox (NYSE:XRX) is a company whose shares are active, trading 1.8% higher to $11.72. The Dow Jones Industrial Average is now trading 0.3% higher to 18,072 and the S&P is trading 0.3% higher to 2,114.

Xerox (NYSE:XRX) has potential upside of 22.4% based on a current price of $11.72 and analysts' consensus price target of $14.35. The stock should run into initial resistance at its 50-day moving average (MA) of $12.98 and subsequent resistance at its 200-day MA of $13.31.

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.

Xerox share prices have moved between a 52-week high of $14.36 and a 52-week low of $11.28 and are now trading 4% above that low price at $11.72 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.3%.

By Adrienne Chilton
achilton@fnno.com

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