Samsung Announcement, Analyst Upgrade Lift Roku Stock

Roku is on track to snap its eight-day losing streak

Managing Editor
Mar 20, 2018 at 10:03 AM
facebook X logo linkedin

Roku Inc (NASDAQ:ROKU) stock is higher today, up 3.2% to trade at $34.94, thanks to news the streaming TV company's app would be available on select Samsung Smart TVs this summer. This may have prompted an upgrade at Oppenheimer to "perform" from "underperform." The analyst in coverage said Roku's streaming channel is a positive catalyst, and the cord-cutting trend is only accelerating.

Roku stock has shed 33% in 2018, driven lower by a weak sales outlook last month. Thanks to today's upbeat news, however, the equity is on track to snap an eight-day losing streak. As of last night's close, ROKU had a 14-Day Relative Strength Index (RSI) of 26, firmly in oversold territory, suggesting the stock was due for a short-term bounce coming into today. 

This recent technical weakness has caught the eye of bears. Short interest increased by 56% in the two most recent reporting periods to 9.95 million shares, a record high. Furthermore, this represents a whopping 63% of ROKU's total available float. 

In the options pits, there has been a call-heavy approach lately. This is evidenced by data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) that shows the equity with a 10-day call/put volume ratio of 1.11. Meanwhile, the April 60 and 50 calls are home to the two biggest accumulations of open interest.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI