Coronavirus has benefited some technology stocks like 
Zoom Video, Netflix and Amazon.com. Another name on that list is streaming-video firm 
Roku.
The stock gapped higher yesterday after seeing a 49 percent pop in first-quarter streaming hours. While the advertising side of its business took a hit from business shutdowns, usage keeps growing. There was a time last year that people worried competition would kill ROKU, but so far the eyeballs keep coming.
ROKU has formed a pair of inside weekly candles, and is now breaking out. Like
Nio yesterday, this signal shows that a highly volatile name has calmed down and may be ready to start trending again.
The daily chart also shows a breakout of the 50-day simple moving average (SMA). In the very near-term it may be overbought. But as long as the shares hold this area, buyers may return in coming sessions – especially when you consider the relative strength in Covid-benefiting tech stocks like Zoom Video and
NFLX.
Zoom Video, Netflix and Amazon.com. Another name on that list is streaming-video firm Roku.The stock gapped higher yesterday after seeing a 49 percent pop in first-quarter streaming hours. While the advertising side of its business took a hit from business shutdowns, usage keeps growing. There was a time last year that people worried competition would kill ROKU, but so far the eyeballs keep coming.
ROKU has formed a pair of inside weekly candles, and is now breaking out. Like
Nio yesterday, this signal shows that a highly volatile name has calmed down and may be ready to start trending again.The daily chart also shows a breakout of the 50-day simple moving average (SMA). In the very near-term it may be overbought. But as long as the shares hold this area, buyers may return in coming sessions – especially when you consider the relative strength in Covid-benefiting tech stocks like Zoom Video and
NFLX.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.