Wednesday, September 04, 2019 12:24:48 PM
Leading internet streaming platform and device maker, Roku Inc (NASDAQ:ROKU), has been one of the hottest stock in the market for most of 2019. In fact, since August 6, 2019 the stock has soared higher by more than 70.0 points and currently trades around the $166.00 level. When trying to find and figure out how high a stock could go we can apply several techniques using technical analysis. One of my favorite tools to use is the Gann Wheel in combination with other technical chart patterns and tools. At this time, the Gann Wheel is telling me that ROKU stock could reach the $172.00 area. As you all know, the stock is already very extended and overbought, but the trend is up and it is very difficult to fight the trend.
Therefore, if you want to speculate on a pullback in ROKU it is best to play the stock using put options. This way you only risk a small amount of capital and can possibly capture a large percentage gain. Remember, a stock like this is certainly a take-over candidate so trying to short it outright presents too much risk in my opinion.
Nick Santiago
InTheMoneyStocks
Recent ROKU News
- Exxon Mobil Net Profit Drops 28% to $8.22 Billion, Atlassian Surprises with Revenue Boost and Co-CEO Exit, and More in Earnings • IH Market News • 04/26/2024 11:47:51 AM
- Roku Releases First Quarter 2024 Financial Results • Business Wire • 04/25/2024 08:05:00 PM
- U.S. Futures Drop in Pre-Market Trading as Tech Stocks Plunge After Meta Issues Gloomy Forecast • IH Market News • 04/25/2024 11:53:54 AM
- Samsung Surpasses Apple in Q1 Smartphone Market; Salesforce in Talks to Acquire Informatica, and More News • IH Market News • 04/15/2024 11:06:48 AM
- Roku to Announce First Quarter 2024 Financial Results on April 25, 2024 • Business Wire • 04/11/2024 08:05:00 PM
- Your TV Just Got Better with New Updates from Roku • Business Wire • 04/10/2024 01:05:00 PM
- Roku Pro Series Arrives with Elevated Features and Design in a TV Made for Streaming • Business Wire • 04/10/2024 01:00:00 PM
- With Roku’s All-New NBA FAST Channel and NBA Zone, Basketball Fans Are at the Center of the Action • Business Wire • 04/03/2024 03:00:00 PM
- Cross Screen Media and Roku Expand Partnership to Enable Cross-Channel Measurement for Local Agencies • PR Newswire (US) • 03/19/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:41:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:41:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:40:04 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:39:21 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:39:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:38:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:36:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:35:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:34:59 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/04/2024 09:40:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/04/2024 09:31:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 10:24:43 PM
- Roku’s Chief Financial Officer to Participate at KeyBanc Emerging Technology Summit • Business Wire • 02/28/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:54:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 11:40:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/22/2024 09:38:34 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM