OptionsPlay DailyPlay

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. 

Fundamental View

  • As streaming platforms fight for dominance, ROKU users grow alongside
  • 41% growth in users in the past year
  • Earnings: N/A

Technical View

  • 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)
 
 

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