In one of my previous ideas, I wrote about a long position in XRX. Today, in daily insiders trading emails I saw that new forms submitted to SEC stated that insiders bought 171 thousand of XRX stocks, which is about $2.5 million. Giving the fact, that XRX formed a beautiful bullish engulfing pattern near the lower border of the COVID-19 range, I consider it a good long trigger.
Please note that I hold XRX stocks. As always, please note that this analysis is my point of view, and trading is a risky activity. You are the only responsible for your trading actions. Now, with disclaimers being said, let's take a look at the trade.
Please note that I hold XRX stocks. As always, please note that this analysis is my point of view, and trading is a risky activity. You are the only responsible for your trading actions. Now, with disclaimers being said, let's take a look at the trade.
