Roku Inc. (NASDAQ: ROKU) has surged 97%, making it the best tech IPO of the year. But it's also one of the most volatile. Since going public, Roku shares have registered daily moves of 18%, 28% and 55%. But Matt Maley, equity strategist at Miller Tabak, says that such moves are to be expected, and that investors shouldn't be too concerned with any pullbacks in the short term.
If you have ever studied parabolic extensions and retracements you would know this should be printing $56 + by Friday afternoon.
Whoa! I forget to check in on this! I use my Roku box almost everyday, more and more great channels all the time!
Roku is down on pre-market. (downgraded by Morgan Stanley). Is this a good opportunity for the pullback? Any comments are much appreciated since the service is not available in my country :|
Nay i doubt Roku will be extended to my country. Just lacking insight into this company and how's the US folks perception toward the company
Im liking the Newsy channel they have now. Its quick and to the point. I can catch up on the entire day's news in 3min.
nice! i just got a roku box for xmas and absolutely love it and have been using it every day! so many great channels to choose from.
Coincidentally, the stock is sitting right at the price where I had drawn short-term resistance back in November. Not sure how strong that resistance was as I wasn't closely watching this one, but former resistance tends to have a decent chance at becoming support.
