Roku Inc. (ROKU) – stock is trading around $142.37 dollars as of November, 15, 2019 and offering a possible buying price between $136.80 – $143.64. Let’s look at the stocks technical actions using a weekly chart.
2. The stock staged a rock solid run after a breaking out back in early May.
3. The stock staged a classic negative reversal in mid September as the strong rally ran out of steam.
4. The stock also lost the 50 day moving average ( DMA) in monster volume.
5. However, the stock reworked and regained the 50 DMA lately.
6. The stock is offering possible buying price between $136.80 – $143.64, with a stop loss at $125.86.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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