Xerox (XRX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Xerox (XRX)

XRX 3.060

+1.7%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mike Redding who wrote (246)	5/14/2000 1:34:00 PM
From: marcher	Read Replies (1) of 431

Mike, fwiw i'll give a shot at some TA for xrx. it's finding support at the support/resistance line of mar/apr lows, this is a rising line that currently marks ~26. the daily chart shows a W formation--dec and mar lows with jan high--(bullish) projecting to ~28, attained in late mar. the chart also suggests the stock is completing the handle of a cupandhandle formation with a possible move to 38. the monthly chart shows a support/resistance line at ~28 that dates to 1991/1994 lows. my guess is that IF xrx gets through 29/30 with good volume it's going to 38 pretty quickly. a break below 25/26 could take it back to 20. i'm in at 20 and holding long term. (of course--wdik?) best of luck --Marc

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next