One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Roku Cl A cleared that benchmark Monday, with a jump from 78 to 82 Monday.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their biggest price moves.
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Roku Cl A is not currently showing a potential entry point. See if the stock goes on to build a sound pattern that could ignite a new run.
Roku Cl A posted 0% earnings growth last quarter, while sales growth came in at 14%. Look for the next report on or around Oct. 30.
Roku Cl A earns the No. 5 rank among its peers in the Leisure-Movies & Related industry group. Netflix is the No. 1-ranked stock within the group.
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