Dynatrace had its Relative Strength (RS) Rating upgraded from 68 to 71 Thursday — a welcome improvement, but still short of the 80 or better score you prefer to see.
Can You Really Time The Stock Market?
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Dynatrace can continue to show renewed price strength and hit that benchmark.
Dynatrace is not currently showing a potential entry point. See if the stock goes on to build a chart pattern that could launch a new move.
The company posted 10% earnings growth in its most recent report, while sales growth came in at 17%. The company is expected to report its latest performance numbers on or around Aug. 6.
The company holds the No. 6 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and Shopify 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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