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These stocks have doubled in price since December lows

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A number of stocks have roared off their December lows. One of those stocks has an interesting setup, says Ari Wald, head of technical analysis at Oppenheimer.

div > div.group > p:first-child"> For a handful of stocks, their revival has been even better. Roku, Snap, Avon Products and Chesapeake Energy have rallied more than 100 percent off their December lows.

"With Roku, it's more positive than not, more so on a long-term basis," Wald said on CNBC's"Trading Nation" on Monday."From a near-term trading basis, though, this stock still could come in a little bit. I think you could be patient with it." "You can see that 200-day is trending higher so that would be indicative of a rising trend, but trading wise … you might have some downside risks to that level first," said Wald."If you look at the bull case for Roku, one of the big points is that it is stream platform agnostic, so more people make apps for Roku," Sanchez said on the same CNBC segment."But the bear case is that you're getting increasing competition from Apple and Google.

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