In a welcome move, Roku stock saw its Relative Strength Rating improve from 64 to 79 on Thursday.
IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest runs. See if Roku stock can continue to rebound and clear that threshold.
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Is Roku Stock A Buy?
Roku stock is working on a consolidation with an 86.75 buy point. See if the stock can clear the breakout price in heavy trading.
The TV streaming platform reported 0% earnings growth in the latest quarterly report. Revenue gains came in at 16%. The next quarterly numbers are expected on or around Feb. 13.
Roku stock holds the No. 2 rank among its peers in the Leisure-Movies & Related industry group. Netflix is the top-ranked stock within the group.
