Infoblox Inc. develops, markets, and sells automated network control
solutions worldwide. Its appliance-based solution combines real-time IP
address management with the automation of network control, and network
change and configuration management processes in physical and virtual
appliances. The company offers Trinzic Enterprise, an appliance designed
to ensure the continuous operation of network control; Trinzic IPAM for
Microsoft, which provides a Web-based management interface for the
centralized management of DNS, DHCP, and multiple IP address pools
running on Microsoft servers; and Trinzic IPAM Insight that allows
automated discovery of network device configuration information used in
automation and compliance reporting. It also provides Trinzic NetMRI
product, which automates network change and configuration management
processes; Trinzic Network Automation that automates network
configuration functions. The company also provides maintenance and
support, consulting, and training services. It serves end customers of
various industries, including financial services, government,
healthcare, manufacturing, retail, technology, and telecommunications.
To review Infoblox's stock, please take a look at the 1-year chart of BLOX (Infoblox, Inc.) below with my added notations:
BLOX has been working its way slowly higher since bottoming at $14 in
November. In September and May the stock hit $24 as resistance (navy),
which was also a 52-week high resistance. After the stock finally
pushed above that resistance at the end of last month, BLOX has tested
the $24 level as support once already, just as one might expect.
The Tale of the Tape: BLOX broke out to a new
52-week high and has now pulled back. A long trade could be made at $24
with a stop placed below that level. A break below $24 would negate the
forecast for a continued move higher.
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