01.09.2015 - Xerox may continue to fall after correction

The price of Xerox after a strong decrease corrected to the level of 10.40, and consolidates below this mark in case of overcoming this resistance level, quotes will continue to rise to the upper boundary of the descending channel and the level of 11.20. In case of continued downward dynamics quotations will be reduced to the target level of about 9.50. We expect the decline in prices in the medium term and recommend holding short positions with a stop above 11.50 and the target near 7.50.

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