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Roku (ROKU) stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 69 to 77.
When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock’s price performance over the last 52 weeks matched up against all other stocks.
Decades of market research shows that the market’s biggest winners tend to have an RS Rating north of 80 as they launch their biggest climbs. See if Roku stock can continue to show renewed price strength and clear that threshold.
Looking For Winning Stocks? Try This Simple Routine
Roku stock is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could spark a new run. Also, wait for the stock market outlook to change to confirmed uptrend before adding shares. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
The TV streaming platform company posted 0% EPS growth last quarter. Revenue gains came in at 0%.
The Roku stock holds the No. 14 rank among its peers in the Leisure-Movies & Related industry group. Imax (IMAX) and Cinemark Holdings (CNK) are also among the group’s highest-rated stocks.
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