Online accounting stock XRO has drifted lower with the overall Tech Sector but we remain bullish following its excellent earnings update in mid-May which illustrated good progress as they work towards balancing growth and profitability i.e. XRO is still up over 65% year to date hence some consolidation is to be expected – XRO’s next scheduled report is in November.
- No change, we can see XRO testing the $110 area but we can still see another test of $130 in 2023.
MM remains long and bullish XRO – we are considering increasing our exposure
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