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IPOs | Technical Analysis | Technology
Most Recent Technology IPOs Have Struggled, But This Stock Is Breaking Out
David Russell
May 24, 2021

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…

For more, please click here to view the related idea and chart analysis on TradingView.

Roblox (RBLX), daily chart with key patterns, courtesy of TradingView.
Tags: RBLX

About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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