Box Inc. stock is a cloud-based technology stock that trades under the ticker BOX.
BOX stock closed at $24.40/share on 8/2/2021, after showing recent technical strength & completing a bullish MACD crossover.
Short-term traders & long-term investors alike should have BOX stock on their radar as it looks poised to offer solid returns.
BOX Stock Price: $24.40
10 Day Moving-Average: $23.70
50 Day Moving-Average: $24.51
200 Day Moving-Average: $20.65
RSI: 52
Box Inc. is well above its 200 Day Moving-Average, with a 3% difference between their 10 Day & 50 Day MA’s, showing signs of more price momentum to come.
With an RSI that is relatively flat at 52, there also looks to be added bullishness in the near term.
From an options perspective, BOX $24 strike price looks the most appealing as it is currently at-the-money for calls.
The $25 puts look appealing, although there is much more bullish sentiment than bearish when you compare the open interest on either, as there are 5x the number of open contracts up the calls side vs. the puts.
Longer term investors should like BOX, as the cloud space continues to grow, and they are featured in a number of prominent ETFs.
Once BOX stock breaks beyond the $25 mark, there looks to be more room to run until they reach the $27 range, giving them a potential 10%+ upside with the current way momentum is moving them.
Overall, short-term traders & long-term investors alike should be taking a closer look at BOX stock for an opportunity for profits.
*** I DO NOT OWN SHARES OF BOX STOCK ***