On Friday, Roblox stock received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 83.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks typically have an 80 or better RS Rating as they begin their biggest climbs.
See How IBD Helps You Make More Money In Stocks
Is Roblox Stock A Buy?
Roblox is trying to complete a cup-with-handle pattern with a 47.65 entry. See if the stock can clear the breakout price in volume at least 40% above average.
The online gaming platform showed 0% earnings growth last quarter, while sales growth came in at 30%.
Roblox stock holds the No. 7 rank among its peers in the Computer Software-Gaming industry group. GRAVITY ADR and NetEase ADR are also among the group's highest-rated stocks.
