Xerox Holdings Corp’s stock price (XRX) fell in the intraday levels, amid the dominance of the downward correctional trend with steep losses in recent trading, coupled with negative pressure as the stock trades below the 50-day SMA, with negative signals from the RSI after the stock managed to vent off some oversold saturation that was apparent there.

Therefore we expect more losses for the stock, targeting the pivotal support of $12.00, provided the resistance of $15.20 holds on. 

Trend forecast: Likely Bearish