Box Getting Closer To Key Technical Benchmark

Box (BOX) saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 66 to 71.


{“@context”:””,”@type”:”VideoObject”,”name”:”Find The Best Long-Term Investments With IBD Long-Term Leaders”,”description”:”Looking for stocks with solid earnings stablility and a proven track record of outperfomrance across multiple market cycles? Start with IBD Long-Term Leaders.”,”thumbnailUrl”:”×360.jpg”,”contentUrl”:”″,”uploadDate”:”2020-04-24T09:52:32+0000″,”duration”:”PT69.59S”,”author”:”Matt Galgani”,”publisher”:{“@type”:”Organization”,”name”:”Investor’s Business Daily”,”logo”:{“@type”:”ImageObject”,”url”:””},”url”:””},”keywords”:””} When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary rating tracks market leadership by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating as they begin their largest climbs. See if Box can continue to show renewed price strength and clear that threshold.

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Box is building a consolidation with a 27.51 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.

Earnings growth fell in the most recent quarter from 90% to 17%. But revenue moved higher, from 10% to 12%. The company is expected to report its latest earnings and sales numbers on or around Dec. 1.

Box earns the No. 4 rank among its peers in the Computer Software-Database industry group. Workiva (WK) and Oracle (ORCL) are also among the group’s highest-rated stocks.


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The post Box Getting Closer To Key Technical Benchmark appeared first on Investor's Business Daily.

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