On Friday, Roblox received an upgrade to its Relative Strength (RS) Rating, from 66 to 81. It has now broken through and joined the key threshold of 80+.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 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 typically have an RS Rating of above 80 as they launch their biggest climbs.
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Roblox is working on a consolidation with a 47.65 entry. See if the stock can clear the breakout price in heavy volume.
The company reported 0% earnings growth last quarter, while sales growth came in at 22%.
Roblox earns the No. 11 rank among its peers in the Computer Software-Gaming industry group. NeoGames and SciPlay are also among the group's highest-rated stocks.
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