Stocks Showing Improving Market Leadership: Box Earns 82 RS Rating

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On Wednesday, Box ( BOX ) got an upgrade to its Relative Strength ( RS ) Rating , from 78 to 82.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.

Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of above 80 in the early stages of their moves.

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Box is trading within a buy range after climbing above a 21.01 buy point in a consolidation . The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.

Earnings growth rose last quarter from 0% to 21%, but sales fell from 30% to 28%.

Box holds the No. 6 rank among its peers in the Internet-Networking Solutions industry group. Tucows ( TCX ), Interxion ( INXN ) and GTT Communications ( GTT ) are among the top 5 highly rated stocks within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: BOX , RS , TCX , INXN , GTT

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