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Bearish Moving Average Cross by Box Inc- Class A (BOX)

By Nick Russo

Today, shares of Box Inc- Class A (NYSE:BOX) have fallen below their 10-day MA of $19.46 on a volume of 645K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Box Inc- Class A share prices have moved between a 52-week high of $20.91 and a 52-week low of $9.86 and are now trading 96% above that low price at $19.28 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Box Inc- Class A on May 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.42. Since that recommendation, shares of Box Inc- Class A have risen 12.6%. We continue to monitor BOX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses box inc- class a

Ticker(s): BOX