Xerox Holdings Corp (XRX) declined in its recent intraday trading, taking profits from previous gains while attempting to gather positive momentum that may help confirm a breakout above the key resistance level at $6.00. The stock remains under the influence of a short-term corrective uptrend, trading along an ascending trendline and supported by dynamic momentum from staying above the 50-day SMA. Additionally, the Relative Strength Index continues to show bullish signals, despite being in overbought territory.

Therefore we expect the stock to rise in upcoming sessions, especially if it breaks above the $6.00 resistance level, targeting the next resistance at $8.00.

Todays price forecast: Bullish.