Content Management Tech Name Forms Coiled Bull Flag
Box (BOX) shares of the content management tech name are very tightly coiled and closed Tuesday above its monthly value area as it sees MACD crossing higher and clearing 32.50 for a breakout towards 34-35. BOX doesn’t report until early December so a name that can run higher ahead of its report as prices stay strong relative and was a earnings drift play from the late August gap and go move above 30. BOX still has size call buys in open interest with 3000+ January $25 ITM calls holding from mid-July buyers that have tripled in price since.