| 2016-11-30 14:33:06|
BOX 14:33 11/30 11/30/16
Box technical comments ahead of earnings news
The shares have been trading in a horizontal range largely bound by a low at $14 and a high at $16 since late August of this year. Ahead of earnings news the stock is in the middle of that range. If the news is a strong positive, a breakout above $16 is highly probable. Next resistance levels to watch would be at the 52-week high at $16.59, $17.42, and $18.56. If the news is a negative surprise, the low of the range would very likely be tested. A break below the low of the range would see support levels at $13.48, $12.94, $12.16, and $11.61 become potential downside objectives.