The bullish DailyPlay for Friday, August 7th is Roku (ROKU). ROKU has experienced a 15.03% rally over the past month but recently broke below and retested its 20 D EMA on earnings yesterday. We see this recent pullback as an opportunity to seek a long position in this fast growing segment of the market.
- As streaming platforms fight for dominance, ROKU users grow alongside
- 41% growth in users in the past year
- Earnings: N/A
- Recent pullback below its 20 D MA provides an attractive risk/reward for a long position
- 1M and 6M turned bullish on July 1st
- Strong relative strength, technical score (10 out of 10)