It's doubtful fresh financing can reverse the stock's downtrend in a meaningful way.
Roku looks ready to make an upside move over the highs of April and May.
The company plans to begin opening its theaters on July 15.
Expect a sideways correction, but the charts are still positive overall.
The world's largest cinema chain gains on reports that Amazon may be having talks for a possible takeover of the firm.
Let's review the charts and indicators.
This experiment in trying to identify stocks that could come back after dismal year-ago performance isn't going well five months since its inception.
Home entertainment stocks like Roku are represented in the index
Here's how I'd trade ROKU now.
Buyers of the streaming giant's stock before its recent run higher would do well to book some profits while retaining of a big chunk of this winner's shares.