Infoblox Inc (NYSE: BLOX)

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. Infoblox Inc. sells its solution through distributors, integrators, managed service providers, and value-added resellers, as well as a field sales force.
Take a look at the 1-year chart of Infoblox (NYSE: BLOX) with the added notations:

BLOX peaked back in January at $39 and lost over 70 percent of its value from there. The stock seems to have bottomed out over the last 5 months, and over the last two the stock has commonly hit a very important level of resistance at $15 (red). If the stock can break above $15 higher prices should follow, most likely a run back to the $17.50 level (blue).

The Tale of the Tape: BLOX has a key level of resistance at $15. A long trade could be entered on a break through that level. However, if you are bearish on the stock, a short trade could be made on any rallies up to $15.
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