As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they begin their biggest price moves.
Like most growth stocks, the streaming device maker has pulled back and trading in a three-month long consolidation. Roku stock is currently trading below its 50-day moving average, and not in a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line to add shares. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
Earnings grew 220% last quarter, up from 0% in the prior report. Revenue also increased, from 58% to 79%.
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