Xerox Corporation (XRX) Offering Possible 9.65% Return Over the Next 3 Calendar Days

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Xerox Corporation’s most recent trend suggests a bullish bias. One trading opportunity on Xerox Corporation is a Bull Put Spread using a strike $29.00 short put and a strike $24.00 long put offers a potential 9.65% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $29.00 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock dropped below the $24.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Xerox Corporation is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Xerox Corporation is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Xerox Corporation

See what the IHS Markit Score report has to say about Xerox Corp.
Fri, 08 Feb 2019 13:01:03 +0000
Xerox Corp NYSE:XRXView full report here! Summary * Perception of the company’s creditworthiness is negative but improving * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for XRX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting XRX. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding XRX totaled $20.93 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a strengthening bias over the past 1-month. XRX credit default swap spreads are decreasing, indicating some improvement in the market’s perception of the company’s credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Vader Systems acquired by Xerox Corp. for undisclosed sum
Thu, 07 Feb 2019 16:09:48 +0000
It’s the first time a venture-funded startup in Buffalo has been acquired since Liazon Corp. was sold in 2013 for $215 million.

4 New CEOs to Watch in 2019
Wed, 06 Feb 2019 18:40:35 +0000
Investors seeking stocks positioned for superior longterm growth may want to consider an unlikely group of companies. Their shares have lagged the market in recent years, but their prospects are looking up as new CEOs take the reins, including Xerox Corp.

Xerox Signs Renewal with Energy Powerhouse American Electric Power
Wed, 06 Feb 2019 15:00:00 +0000
Operational efficiencies and cost savings gained with Xerox’s Managed Print Services and ConnectKey Technology

Xerox Outlines Three-Year Strategy at Investor Day; Guides to over $3 Billion of Cumulative Cash Flow and Annual EPS Expansion
Tue, 05 Feb 2019 17:00:00 +0000
Today Xerox (XRX) is holding an Investor Day to provide the investment community and other stakeholders details on its strategic initiatives and financial plans. “With a history of designing breakthrough technologies, Xerox is ‘made to think.’ We are taking a disciplined approach to creating the next generation of innovative technologies and intelligent work solutions to meet our clients’ evolving needs,” said John Visentin, vice chairman and CEO, Xerox.

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