Right now, DBX is averaging 8,156,705 shares for the last 20 days. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Investors should also take note of DBX's average 20-day trading volume. On the other hand, the S&P 500 has only moved 12.27% and 16.79%, respectively.
Over the past quarter, shares of Dropbox have risen 18.93%, and are up 28.03% in the last year. Shares are looking quite well from a longer time frame too, as the monthly price change of 13.68% compares favorably with the industry's 0.25% performance as well.Ĭonsidering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.įor DBX, shares are up 4.1% over the past week while the Zacks Internet - Services industry is down 0.12% over the same time period. Dropbox currently has a Zacks Rank of #2 (Buy). It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.īelow, we take a look at Dropbox (DBX), a company that currently holds a Momentum Style Score of B. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. While many investors like to look for momentum in stocks, this can be very tough to define. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key once a stock establishes a course, it is more than likely to continue moving that way. Momentum investing revolves around the idea of following a stock's recent trend in either direction.
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