Roku Cl A saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 80 to 84.
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IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.
Roku Cl A is now considered extended and out of buy range after clearing an 86.75 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Roku Cl A showed 0% earnings growth in the latest quarterly report, while sales growth came in at 15%.
Roku Cl A earns the No. 3 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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