I like the price action in BOX 0.00%↑ , with consolidation above the AVWAP from August’s post-earnings gap up. There’s an unfilled gap below around $30, which represents downside risk. All-time highs sit near $35. The company reports earnings in early December.
One final consideration is the stocks seasonality, which becomes favorable early in the calendar year. I’m nibbling above $31.5, and will look to buy pullbacks, particularly following earnings, provided the stock finds support near the gap range.
