Xerox Stock Doing Well; Ready For Big Show?

Xerox (XRX) is establishing itself as a market leader. EPS increase in the past two quarters was 508% and 238%, respectively. It had just completed a symmetric cup-and-handle design.
WAN CHAI, Hong Kong - Sept. 14, 2023 - PRLog -- On Wednesday, Xerox stock was upgraded to an 80 Relative Strength Rating. It reached a significant milestone along the road.

Xerox Stock on the Periphery of the Top Group

The enhanced 80 RS Rating indicates that Xerox stock outperformed 80% of all equities in terms of price performance over the last year. According to market research, the top stocks have an RS Rating north of 80 in the early phases of their rise. Xerox stock is on the verge of joining that select club.

Xerox stock has a 92 Composite Rating out of 99, which places it in the top 8% of all stocks. The IBD Composite Rating is a combination of five other important fundamental and technical evaluations. On an A+ to E scale, it gets a strong 81 EPS Rating and a B+ Accumulation/Distribution Rating. The B+ grade indicates that ETFs, mutual funds, and other large institutional investors are relatively strong purchasers of the stock, which is a positive signal.

Veteran of technology Xerox's origins in the photocopying sector date back to 1906. Its products include copiers, scanners, publishing systems, and software. Furthermore, it is part of the Computer-Hardware/Peripherals business group, which is now ranked first on IBD's list of 197 industry groups as the artificial intelligence sector grows.

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