Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily

Datadog Inc Stock Clears Key Benchmark, Hitting 90-Plus RS Rating

Datadog Inc Cl A saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 89 to 92.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement 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 typically have an RS Rating of above 80 as they launch their largest price moves.

See How IBD Helps You Make More Money In Stocks

The IBD 50 stock is now considered out of buy range after clearing a 110.34 buy point in a first-stage cup with handle on a weekly and daily chart from MarketSmith last year. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings Due

Regarding fundamentals, Datadog Inc stock has posted rising EPS growth in each of the last three reports. Revenue growth has also increased during the same period. Quarterly earnings  are due on our around May 6, 2022, according to the company website.

The company holds the No. 2 rank among its peers in the Computer Software-Enterprise industry group. Concentrix Corp is the top-ranked stock within the group.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.