On Monday, Datadog got a positive adjustment to its Relative Strength (RS) Rating, from 66 to 71.
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IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Datadog can continue to show renewed price strength and hit that benchmark.
Datadog is working on a consolidation with a 157.38 buy point. See if the stock can clear the breakout price in heavy volume.
Datadog saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 5% to 7%. Revenue rose from 25% to 28%.
Datadog holds the No. 9 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and Dayforce are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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