Roku's Battered Stock May Rebound 12% _ Investopedia.pdf

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5/30/2018 Roku's Battered Stock May Rebound 12% | Investopedia 1/4 Roku's Battered Stock May Rebound 12% Technical Break Out (Note: The author of this fundamental analysis is a financial writer and portfolio manager.) Roku Inc.'s ( ) stock has been battered in 2018 with shares down by 33% since peaking around $55 back in early January. Shares are surging today by over 4%, to about $37.90, and the stock could be heading about 13.5% higher, based on technical analysis . ROKU The company reported better-than-expected first-quarter results on May 9, with earnings topping estimates by nearly 55%, coming in at a loss of $0.07 per share. Meanwhile, revenue also beat results coming in 7% higher than estimates at $136.6 million. Since reporting results, shares of Roku have jumped by about 4%. ROKU data by YCharts The stock is currently trading right at a critical resistance level at $37.75, and with the stock rising above that resistance level it could climb to roughly $43. The stock had been trending lower since late December and traded out of the downtrend at the start of May. The stock attempted to break out following the quarterly results and failed, and it is now trying to break out for the second time. Should shares fail to break out, the stock may reverse course and head back toward $30. Trending Ray Dalio releases "Principles for Success" as an animated series What You Should Know About Net Neutrality A Stock Sell-O± Vocabulary Guide Understanding Interest Rates, Inflation And Bonds Everything You Need To Know About Earnings
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