On Friday, Roku Cl A reached an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 66 the day before.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically 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 goes on to establish and enter a buy zone in heavy volume.
The company reported 0% earnings growth in its most recent report. Revenue increased 16%.
The company earns the No. 3 rank among its peers in the Leisure-Movies & Related industry group. Netflix is the top-ranked stock within the group.
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