Xerox Holdings’ stock price (XRX) inched higher in the intraday levels, buoyed by positive signals from the RSI as the stock tries to correct the main downward trend while trading alongside the negative trend line in the medium term, with negative pressure due to trading below the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of $8.04 anew, provided it settles below the resistance of $9.50.

 

Trend forecast for today: Likely Bearish