Dropbox Longs Feel Their Stomachs Drop on the Opening

Dropbox, Inc. (DBX) was down sharply in pre-market trading, apparently on the COO stepping down and an expiration of the post-IPO lock-up on insiders selling shares. Prices have since come off their lows. So the question is how do the charts and indicators look for this relatively new issue? Let's see what we can glean from the charts.

In this limited daily bar chart of DBX, below, we can see that prices were largely stable between $28 and $34 with some brief moves outside that range. Volume was heavy during the first day of trading and was quiet until the middle of June when there was a temporary spike towards $44....168 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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