(RBLX) - Roblox Rallies Following Q1 Earnings: Technical Lev

(RBLX) - Roblox Rallies Following Q1 Earnings: Technical Levels To Watch


Share:
Roblox Corp. (NYSE: RBLX) shares jumped higher Tuesday. The stock is likely moving after the company reported first-quarter earnings Monday.
Revenue increased 140% year-over-year to $387 million. Daily active users also increased by 79% year-over-year.
Roblox gained 21.02% Tuesday, closing at $77.73. 
Roblox 15-Minute Chart Analysis
Roblox shares look to be stuck in a channel and need to break support or resistance to see the next leg.
The stock is trading above both the 50-day moving average (green), and below the 200-day moving average (blue), indicating sentiment in the stock has been bullish.
These moving averages may hold as support on this time frame.

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