ROKU spiked up over $12 ( >11%) today on above average volume. I have been staring at the chart trying to analyze what I missed.
The thing that threw me for a loop was the Bearish Hammer that formed on 4/14 as ROKU broke above the 50 day moving average. I anticipated consolidation here or a move below the 50 day moving average. The thing I missed here is that all three indicators still had an upward bias.
The action on 4/15 was completely the opposite as ROKU took off. I still did not think it would break out further as the resistance at $118 was not tested so I did not jump in as I felt the upside potential was not as great.
ROKU again proved me wrong as it had a significant breakout today.
The mistake I made was not trading the momentum and institute tight stops to take advantage of the breakout.
| Stat | Value |
|---|---|
| PE | N/A |
| EPS | -0.52 |
| Beta | 1.81 |
| Profit Margin | -5.31% |
| Operating Margin | -5.42% |
| Avg Volume | 12.37M |
| Shares Outstanding | 91.54M |
| Float | 93.75M |
| Shares Short | 11.01M |
| Short % of Outstanding | 9.18% |
| Dividend | N/A |
| % Held by Insiders | 0.83% |
| % Held by Institutions | 71.08% |
Positives
- Short Term Liabilities: ROKU's short term assets ($925.7M) exceed its short term liabilities ($358.3M).
- Long Term Liabilities: ROKU's short term assets ($925.7M) exceed its long term liabilities ($413.5M).
- Institutions hold 71.08%
Negatives
- Fair Value is at $95.36
- ROKU is unprofitable, but has reduced losses over the past 5 years at a rate of 10.2% per year.
- Insiders hold a small position