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Box Stock Sees Relative Strength Rating Rise To 74

Box (BOX) had its Relative Strength (RS) Rating upgraded from 68 to 74 Friday — a welcome improvement, but still short of the 80 or better score you look for.




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When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the last 52 weeks compares to the rest of the market.

History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Box can continue to rebound and clear that threshold.


Looking For The Best Stocks To Buy And Watch? Start Here


Is Box Stock A Buy?

Box stock is now considered extended and out of buy range after clearing a 25.46 buy point in a first-stage cup with handle. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

Earnings growth declined last quarter from 214% to 80%. But revenue moved higher, from 8% to 10%.

The cloud-based software firm holds the No. 6 rank among its peers in the Computer Software-Database industry group. Dropbox (DBX) and Workiva (WK) are also among the group’s highest-rated stocks. For industry news, check out “Cloud Computing: Find Top Cloud Stocks And Track Industry Trends.”

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