Technical Summary: It is a lovely 1 year chart from XRO as the company with the trend being – stock forms solid base, breaks to upside, gets overextended, forms solid base, breaks to upside etc etc. This pattern repeated itself until recently with the stock breaking out of its base to the downside on heavier than average selling volume. This was after the company announced that it intends to delist from the NZX. Whatever your views on the stock it is not buyable here and technically it has broken the trend and could be sold by trend followers. Mean reversion traders would be cautioned at buying here as the stock has not found a clear bottom.