Xerox

Xerox, XRX, is currently trading at 7.99. Below is the daily chart.

www.freestockcharts.com

A small triangle has been drawn on the current price action. That triangle looks like it could be a pennant, time will tell on that. A pennant is small formation that appears after a large and fast up move. The up move should be almost vertical and resemble a pole. This happened with XRX. The pennant represents the halfway point, the price target has been marked by the vertical line; 8.75. The thick yellow line at the top of the pennant roughly represents the 100 week moving average's current location. This appears to be offering resistance to the price action. It is interesting that it is at the top of the pennant, the combination of  the pennant top and the 100 week MA make for a nice entry location. Things to watch are the interaction of the price with the 100 week and with the bottom of the pennant. Failure to break the 100 week or a break below the bottom of the pennant would make the buy signal less powerful or invalidate it entirely. The line labeled "Support?" may act as support if the pennant temporarily fails, it is mostly untested however so its strength is unknown. Here are some hypothetical trading points.

Entry: 7.99 (right now)
TP: 8.50, 8.80, 9.50 (The 8.50 is the safest and fastest, a longer hold could see the price move up to old highs however)
SL: 7.80, 7.65 (Below the pennant bottom and on the "Support?" line)

An entry could be made at a break of the pennant or 100 week but with how close the SLs on the listed entry are I don't think it's worth doing. This trade is quick, it will probably take less than a month for the first TP or SL to hit. 

If you have a stock you want analyzed leave it in the comments. 

Do your own research before taking any position. I do not currently own any XRX but I might buy some in the next 72 hours.