Trade of the Day: Box Inc (NYSE:BOX)

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Companies are now using powerful cloud computing networks and connected devices to stem the tide of rising health care costs that have spiraled higher at an unsustainable rate in most of the developed world. Policymakers are reaching the broad consensus that maintaining health is just as important as treating conditions. Connected health care, especially for chronic sufferers, encourages patient self-management while at the same time reducing costs. It’s a win-win.

Box, Inc. (BOX) provides a cloud-based content collaboration platform that is being embraced by enterprises with lots of mobile employees. It services health care providers, financial services firms, media, retail, education and the like. BOX was a hot IPO that hit nearly $25 in the first week of its public life in 2015, then fell as low as $9 at the start of this year. It’s now on its rehabilitation tour. Let’s make a play while shares rebound off the double bottom charting pattern formed throughout the year.

Buy BOX at current market levels. 

Jon Markman operates the investment firm Markman Capital Insights. He also offers a daily trading advisory service, Trader’s Advantage, and CounterPoint Options, a service that helps individual traders make steady, consistent profits with volatility-related instruments. Follow him on Twitter for his latest take on markets and innovation.


Article printed from InvestorPlace Media, https://investorplace.com/2016/09/trade-day-box-inc-nyse-box/.

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