Datadog saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 80 to 90.
Here Are 3 Keys For Successful Stock Investing
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating as they launch their biggest price moves.
Datadog has risen more than 5% past a 138.61 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Datadog posted 5% earnings growth last quarter, while sales growth came in at 25%.
The company earns the No. 4 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies is the No. 1-ranked stock 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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