Xerox Corp. (NYSE) analysis, chart, and trading idea
#XRX
The trend is descending. The stocks trade in the range of 365 and 135 moving averages. The ascendant wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.
Trading idea:
Sell when the descending wave pattern is formed …