Monday, August 12, 2019 12:03:45 PM
Roku Inc (NASDAQ:ROKU) has been on a mission to move higher lately. The popular television streaming platform provider surged last week after reporting earnings. Today, ROKU stock is making new all time highs despite the major stock indexes staging a pretty good broad based sell off. ROKU stock is trading higher by $9.76 to $135.08 a share. While the stock is in a very strong up-trend it is now starting to look a big extended and overbought on the charts. Traders and investors should now watch the $150.00 level for major resistance. This resistance area is a level that is half way between $100.00 and $200.00, it often serves as excellent resistance when initially tested. When you combine this with the parabolic extension that the stock has had recently it should pullback from this level.
There has been a lot of chatter that ROKU stock could be a take-over candidate. So traders and investors must be careful when trying to sell short a stock like this. I will most likely look to buy put options on the stock should it trade up to the $149.00 - $150.00 area. This way if there is a take-over in the cards I will simply be risking the premium paid in the stock.
This coming Friday is options expiration for the month of August. It is a usually a trading week that is notorious for rumors, ridiculous up-grades and down grades and lots of other market makers shenanigans. So traders must be on their toes this week especially when trading stocks such as ROKU and many other popular stocks.
Nicholas Santiago
InTheMoneyStocks
Recent ROKU News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 10:13:03 PM
- Roku Launches Ads Manager, a Self-Service Performance Solution for Growth Marketers • Business Wire • 09/18/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/17/2024 08:18:08 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/17/2024 08:11:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 09:57:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 09:56:45 PM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/12/2024 08:54:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/12/2024 08:31:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:24:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:24:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:23:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:22:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:21:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:20:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:18:41 PM
- Kick off the NFL Season with the NFL Zone on Roku • Business Wire • 09/05/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/04/2024 08:07:58 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/04/2024 08:04:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/04/2024 08:02:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 10:26:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 10:26:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 10:25:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 10:24:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 10:24:08 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM