Long Position on BOX @ $28.15 on 6/20/2018 (Momentum)

Box, Inc. (BOX) provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device.

The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

Box, Inc. offers its solution in 23 languages.

It serves healthcare and life sciences, financial services, legal services, media and entertainment, retail, education, and energy industries, as well as government sector primarily in the United States. 

Shares have formed a bullish "cup and handle" and are on the cusp of a breakout to the upside. Higher share prices are expected for this stock.

Entry Point: $28.15

Stop Loss: $26.70

52-Weeks Trading Range: $17.25 - $28.91

Target Price: $30.97

Updates

12/28/2018 9:39:41 AM

BOX closed at $17.10

Position closed on 12/28/2018 at price of $17.10 with a -39.25% loss in 191 days.

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