Xero Limited (XRO.ASX)

23 July 2018

Technical Summary: The interesting thing for me with XRO is that the stock is now trading higher than its previous all time highs from the start of 2014. This is after a fantastic run afer the last year and a half when the stock went from around $15 per share to over $45. The stock has provided technical buying opportunities at a few different points over the last year. The stock currently looks to be consolidating at around $45 per share after a fantastic run. There is a chance from here that the stock sets up another buying opportunity. At the moment it looks like the base will take some more time to form.

Strong price action from this market leader

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