Roku Cl A had its Relative Strength (RS) Rating upgraded from 79 to 83 Tuesday.
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IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a consolidation and break out.
Roku Cl A reported 0% earnings growth last quarter. Sales increased 16%.
Roku Cl A holds the No. 4 rank among its peers in the Leisure-Movies & Related industry group. Netflix is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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