"Xerox (XRX) could be on the move today and is now at $7.41, down $0.51 (-6.44%) on volume of 2,193,950 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.83 to a high of $16.00. Xerox stock has been showing support around $7.47 and resistance in the $8.55 range. Technical indicators for the stock are neutral and S&P gives XRX a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on XRX the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 9 range. [ABR-Seven Summits Strategic Investments NewsBite]"So while we are waiting for the stock to recover, how about dividends, so we can not worry about what the Market geniuses predict will happen to the price.
Thursday, January 15, 2009
XRX Could Be On the Move
Xerox (XRX) from Market Intelligence Center:
at 1:35 PM