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'Fast Money' Traders: Wait For Pullback On Roku

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On CNBC's "Fast Money," Steve Grasso spoke about Roku Inc. (NASDAQ: ROKU), which traded sharply higher on Friday, on better than expected earnings. Grasso said Roku checks back to its 50-day moving average habitually and that its 50-day moving average is currently around 20% lower than what the stock is trading at. With a rising 50-day moving average, Roku is "due for a 15% check back," Grasso said. He would wait and buy the stock on the pullback.

Pete Najarian said Roku had an unbelievable quarter, but he likes Grasso's idea to wait for a pullback. He thinks there might be a better opportunity to buy.

 

 

 

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Posted-In: CNBC Fast Money Pete Najarian Steve GrassoMedia