Roblox had its Relative Strength (RS) Rating upgraded from 66 to 77 Tuesday -- a welcome improvement, but still shy of the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks often have an RS Rating of over 80 in the early stages of their moves. See if Roblox can continue to rebound and hit that benchmark.
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Roblox is currently working on a cup without handle with a 47.65 entry. Earnings are around the corner, so let's see if it can clear the breakout price in volume at least 40% higher than normal.
RBLX Earnings
The company reported 0% EPS growth in the latest quarterly report, while sales growth came in at 22%. The company is expected to report its latest numbers on or around Aug. 9.
Roblox holds the No. 12 rank among its peers in the Computer Software-Gaming industry group. SciPlay and Activision Blizzard are also among the group's highest-rated stocks.
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