On Thursday, Roku earned an upgrade to its Relative Strength (RS) Rating, from 70 to 73.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if Roku Cl A can continue to rebound and hit that benchmark.
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Roku is trying to complete a cup with handle with a 75.45 entry. See if the stock can continue the move up and then break out in heavy trading.
The company posted 0% EPS growth in the latest quarterly report, while sales growth came in at 1%.
Roku Cl A holds the No. 11 rank among its peers in the Leisure-Movies & Related industry group. Cinemark Holdings and Imax are also among the group's highest-rated stocks.
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