Xero (XRO.NZX)

11 October 2017


Technical Summary: Beautiful one year chart from XRO. The stock has made a series of higher highs from constructive bases. Although it shows no signs of stopping, the stock is currently overextended from its most recent buy point and does not provide a low risk/high reward opportunity. The 5 year chart reflects why the stock is one of the most storied on the NZX. The stock ran up from virtually nothing to be valued at over $40 per share. A run which as far as we are aware is unprecedented on the NZX. In less than a year the stock that was everyones favourite winner was only to be found in the dumpster. The stock then spend the next 2 years going sideways before making its recent move.

The most storied stock on the NZX writes a new chapter

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