Xerox fresh out of copies? Maybe not!

Xerox broke out of a 5 year base back in early 2014. The target is 18. Check out the monthly candle chart.

xrx_m

A closer look at the weekly candle 5 year chart shows some congestion (consolidation) in progress.

xrx_w

The daily candle chart shows us even more detail, but also noise. There is a short term bearish target back to the breakout line if the 13 mark is broken.

xrx_d

The longer term trend is bullish (as seen with the monthly candle chart), so that is the play I would want to go with. I put alerts at those key levels, but the main interest is a breakout of the consolidation pattern at 14.50.

Let’s keep a fresh copy of this play in mind!

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