When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Roku Cl A just cleared that benchmark with an upgrade from 78 to 86.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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While it's not currently an ideal time to buy shares, see if the stock is able to establish and enter a buy zone in heavy volume.
Roku Cl A showed 0% EPS growth in its most recent report. Sales gains came in at 22%.
The company holds the No. 4 rank among its peers in the Leisure-Movies & Related industry group. Netflix is the No. 1-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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