Roblox saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 66 to 71.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Roblox can continue to rebound and clear that threshold.
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Roblox is not currently showing a potential buy point. See if the stock goes on to form a sound pattern that could kick off a new price move.
The company showed 0% earnings growth in the latest quarterly report, while sales growth came in at 31%. The next quarterly numbers are expected on or around Oct. 31.
Roblox earns the No. 6 rank among its peers in the Computer Software-Gaming industry group. DoubleDown Inter ADR, GDEV and Electronic Arts are among the top 5 highly rated stocks within the group.
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