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Watch for Continued Losses in Shares of Black Box Corp (BBOX)

By Shiri Gupta

Black Box Corp (NASDAQ:BBOX) traded at a new 52-week low today of $5.10. Approximately 265,000 shares have changed hands today, as compared to an average 30-day volume of 95,000 shares.

There is potential upside of 94.2% for shares of Black Box Corp based on a current price of $5.15 and an average consensus analyst price target of $10.00. The stock should find initial resistance at its 200-day moving average (MA) of $12.83 and further resistance at its 50-day MA of $13.83.

Black Box Corporation provides technical network services and related products to businesses. The Company offers standard networking products through its catalog and its web site. Black Box designs and builds custom products and operates subsidiaries throughout the world.

Black Box Corp share prices have moved between a 52-week high of $17.05 and the current low of $5.10 and are currently at $5.15 per share. The 200-day and 50-day moving averages have moved 0.72% lower and 1.12% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Black Box Corp on May 12th, 2017 by issuing a Downtrend alert when the shares were trading at $8.95. Since that call, shares of Black Box Corp have fallen 16.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows black box corp

Ticker(s): BBOX