Dropbox, Inc.
Long

Drop Box Heading Higher on Positive Earning Surprise

264
- 24% quarterly positive earning surprise pushes DropBox higher on the back of more people using Drop Box to support work from home.

- They added an additional $1m paid users YoY and it's ~20% YTD Performance.

- Technically the price has been pushing higher and zooming through the upsloping median line. We expect prices to head back to the support zone at $24

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