Market Overview

Box Can't Clear Resistance And Tanks

Related BOX
The Week Ahead: New IPOs, Bank Earnings, And Some Notable FDA Actions
Watch These 8 Huge Call Purchases In Friday Trade

Box Inc (NYSE: BOX) shares are trading lower by $1.40 (5.6 percent) at $16.86 in Thursday's session. The company is presenting at the Morgan Stanley Tech, Media and Telecom Conference today.

On Wednesday, Box reported Q4 adj. EPS of $(0.10) vs $(0.14) estimates on sales of $109.9 million vs. $108.86 million estimates.

Off the open, the issue tested the resistance in the $18.00 handle once again. In 14 of its last 15 sessions (including today), all rallies have ended between $18.02 and $18.36. In today's session, it came up shy of Wednesday's high ($18.31), only reaching $18.25 before reversing course.

So far, the ensuing decline has taken Box's stock to $16.56 and is attempting to recenter the $17.00 handle. The current low matches it January 18 low.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (BOX)

View Comments and Join the Discussion!

Partner Center