Roblox saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 87 to 91.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against all other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves.
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Roblox has risen more than 5% past a 45.49 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Roblox reported 0% earnings growth in the latest quarterly report. Sales increased 29%.
Roblox earns the No. 5 rank among its peers in the Computer Software-Gaming industry group. DoubleDown Inter ADR is the top-ranked stock within the group.
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