• Return to Headlines

Box Inc- Class A Rises 3.90% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Box Inc- Class A (NYSE:BOX) traded in a range yesterday that spanned from a low of $26.26 to a high of $27.25. Yesterday, the shares gained 3.9%, which took the trading range above the 3-day high of $26.54 on volume of 2.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Box Inc- Class A share prices have been bracketed by a low of $17.25 and a high of $28.68 and are now at $27.13, 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Box Inc- Class A on March 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.17. Since that recommendation, shares of Box Inc- Class A have risen 23.5%. We continue to monitor BOX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders box inc- class a

Ticker(s): BOX