Roblox Breaks Out
Most high-profile tech IPOs from the past year have struggled – but not Roblox.
The maker of virtual-reality software ended last week at a new all-time high. Its chart also pulled off some interesting feats.
First, it broke the descending trendline running along the highs of April 13 and May 19.
Second, it had a powerful “kicker” pattern on May 11 after its first quarterly report as a public company showed strong bookings.
Finally is the question of simple relative strength. Companies like
Snowflake, NYSE:PLTR, NYSE:DASH and Airbnb have drifted lower for months. Ditto for videogame makers like Activision Blizzard and the 
SPDR Technology ETF. Those comparisons make RBLX’s breakout even more noteworthy.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
The maker of virtual-reality software ended last week at a new all-time high. Its chart also pulled off some interesting feats.
First, it broke the descending trendline running along the highs of April 13 and May 19.
Second, it had a powerful “kicker” pattern on May 11 after its first quarterly report as a public company showed strong bookings.
Finally is the question of simple relative strength. Companies like
Snowflake, NYSE:PLTR, NYSE:DASH and Airbnb have drifted lower for months. Ditto for videogame makers like Activision Blizzard and the SPDR Technology ETF. Those comparisons make RBLX’s breakout even more noteworthy.TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.