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This week our Hot Stock is Xero (XRO), a cloud-based online accounting software for SMEs and advisors. We think EPS growth is positive and thus believe that along with this week’s attractive look on the technicals, XRO will be the one stock that will gather some momentum.

The charts show that the stock is slowly recovering after having hit recent lows of $25.825. We think it should break over $30 with some strength, hopefully this week, and continue to go higher.


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