On Friday, Datadog received a positive adjustment to its Relative Strength (RS) Rating, from 75 to 81.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating north of 80 as they launch their biggest climbs.
Datadog is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could kick off a new climb.
Datadog showed 5% earnings growth in the latest quarterly report, while sales growth came in at 25%.
Datadog holds the No. 8 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and Dynatrace 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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