On Thursday, Roblox reached a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against all other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of above 80 in the early stages of their moves.
Here Are 3 Keys For Successful Stock Investing
Roblox is now considered extended and out of buy range after clearing a 45.49 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Roblox posted 0% EPS growth last quarter, while sales growth came in at 29%.
Roblox earns the No. 5 rank among its peers in the Computer Software-Gaming industry group. The9 ADR is the top-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
