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Investors Business Daily
Investors Business Daily
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INVESTOR'S BUSINESS DAILY

Roblox Clears Technical Benchmark, Hitting 90-Plus RS Rating

On Friday, Roblox hit an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 72 the day before.

IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.

Looking For The Best Stocks To Buy And Watch? Start Here

Roblox has moved more than 5% past a 45.49 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

The company posted 0% earnings growth last quarter, while sales growth came in at 29%.

Roblox holds the No. 5 rank among its peers in the Computer Software-Gaming industry group. DoubleDown Inter ADR is the top-ranked stock within the group.

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