Xerox (XRX) NewsBite - XRX Downgraded By Barclays Capital

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Xerox (XRX) NewsBite - XRX Downgraded By Barclays Capital
Posted on Friday, February 20, 2009 1:32 PM
Xerox (XRX) was downgraded today by analysts at Barclays Capital and the stock is now at $5.49, down $0.36 (-6.15%) on volume of 3,594,185 shares traded. The brokerage downgraded the stock to "Equal Weight" from "Overweight." 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 $5.62 and resistance in the $6.22 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 a July out-of-the-money bear-call credit spread above the 7 range. [ABR-Seven Summits Strategic Investments NewsBite]
Click Symbol For More News On: (XRX)

2/20/0911:14 PM

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