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Possible Trend Reversal, Box Inc- Class A Down on Heavy Volume (BOX)

By James Quinn

Box Inc- Class A shares are trading on heavy volume today, having fallen 1.9% to $18.45. Today's volume of 1.3 million shares tops the average 30-day volume of 806,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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 9.4%. We continue to monitor BOX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Box Inc- Class A has traded in a range of $9.86 to $20.91 and is now at $18.60, 89% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.8%.

Keywords: unusual volume box inc- class a

Ticker(s): BOX