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Volume Higher on 6th Consecutive Gain for Dropbox - Friday, September 3, 2021
Dropbox Inc Cl A (DBX +$0.26 or +0.81% to $32.39) was highlighted yellow while perched near its prior high on track for a 6th small gain today without great volume conviction. A valid "secondary buy point" exists up to +5% above the latest high, as it found support at the 10 WMA following an earlier breakout.
Reported strong earnings above the +25% minimum guideline (C criteria) in the past 7 quarterly comparisons through Jun '21 versus the year ago periods. Annual earnings history has been strong. It has a 98 Earnings Per Share Rating. DBX hails from the Computer Software - Database group which is ranked 46th om the 97 Industry Groups list (L criteria).
There are 170.8 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 935 in Sep '20 to 1,036 in Jun '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timeliness Rating and a B Sponsorship Rating.
