ROKU


For more than two months ROKU has been trending up and above its 10-day exponential moving average. By the way, this moving average has been moving close to the upper Bollinger Band, an indication of a strong uptrend.

This strong bullish trend has been evident in MACD that is moving up and above its signal line for quite a long time.

It’s just as important to note that ROKU’s Relative Strength is also up and well above its ascending 20- day exponential moving average, another indication of strength, this time compared to SPY that is our benchmark.


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