Technical Summary: The 5 year chart of XRO resembles something like a smiling face with crooked teeth. The stock famously ran up to over $40 per share in 2014 before falling from grace to below $14 per share. Since that time there was a long consolidation period before the stock broke out or its base and worked its way back up to its previous highs. This trend has continued over the last year. The stock seems to have a habit of breaking out and running up to new highs before becoming extended, pulling back and forming a base before breaking out again. We have highlighted these areas on the chart above. It appears as if we are now at the point where we are overextended again and need a consolidation period. It is also interesting to note that this resistance may come at the same level where the previous all time highs were found.