When building your watch list, focus on stocks with an 80 or higher RS Rating. Roku stock just met that criteria with a new score of 82.
This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
Is Roku Stock A Buy?
While Roku stock is not near a proper buying range right now, see if it manages to form and break out from a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The streaming company posted 0% earnings growth in its most recent report, while sales growth came in at 14%. The company is expected to report its latest results on or around Oct. 30.
Roku stock earns the No. 5 rank among its peers in the Leisure-Movies & Related industry group. Netflix is the top-ranked stock within the group.
