On Thursday, Datadog earned a positive adjustment to its Relative Strength (RS) Rating, from 78 to 81.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy trade.
Earnings growth slowed last quarter from 11% to 5%. But sales moved higher, from 25% to 28%.
The company holds the No. 7 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, A10 Networks and Cloudflare 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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