The Relative Strength (RS) Rating for Dynatrace moved up into a new percentile Monday, as it got a lift from 69 to 72.
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This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves. See if Dynatrace can continue to rebound and hit that benchmark.
Dynatrace is still inside a buy range after breaking past a 54.48 entry in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
Dynatrace posted 10% earnings growth in its most recent report, while sales growth came in at 17%.
Dynatrace earns the No. 7 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and monday.com 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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