Tag: Roblox Corp.

  • Why Shares of Roblox Corp. Just Broke Out

    Why Shares of Roblox Corp. Just Broke Out

    Roblox Corp. (RBLX) is showing signs of life. After consolidating around $35 for the last few weeks, the gaming stock just broke out.  From a current price of $42.28, we’d like to see it test $50 again, near-term. At the moment, shares are up $6.63 on a volume spike to 28.3 million, as compared to…

  • Here’s Why Roblox Corp. is Up 20% Today

    Here’s Why Roblox Corp. is Up 20% Today

    Roblox Corp. (RBLX) is on the run. After a rough pullback, the gaming stock is showing some signs of life. For one, the stock is shrugging off an earnings loss of 27 cents, which was wider than expectations.  Revenue and active daily users also came in lighter than hoped.  Bookings came in at $631.2 million,…

  • Weakness is an Opportunity with Roblox Corp.

    Weakness is an Opportunity with Roblox Corp.

    Keep an eye on Roblox Corp. (RBLX). One, after gapping lower on disappointing monthly user growth and booking metrics, the stock appears to have bottomed out.  Not only did RBLX catch double bottom support, it’s starting to pivot from oversold reads on RSI, MACD, and Williams’ %R. Two, RBLX is the closest thing to a…