Xero Limited (XRO.ASX)

12 November 2018


Technical Summary: The volatility in the stock of XRO on the left side of the five year chart has been well discussed. It is only in the last few months, at the tail end of a fantastic bull run that the stock of XRO has surpassed its old highs. Interestingly it has pulled back with the rest of the market and tech stocks to around the levels of its 2014 highs. The stock recently found resistance at least in the short term at the 50-day moving average. This indicates that it will take some time for this period of volatility to work itself out.

What is next for XRO?

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