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Dropbox (DBX) clears key resistance and shows relative strength

Dropbox (DBX) clears key resistance and shows relative strength

by | Aug 31, 2021 | Chart SetUps

Dropbox (DBX) showing strength in a tape seeing some Software weakness today, the long discussed attractive value name based on the rising 55-day moving average for over a week and breaking out above the 21-day and other moving averages this morning. DBX also breaking out above VWAP off the recent new highs. DBX has a lot of bullish options open interest with October a focus month, the $35 calls with 10K bought for $1.23M on 6/11 and a lot of interest across other strikes.