In a welcome move, Datadog saw its Relative Strength Rating rise from 67 to 73 on Thursday.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Datadog can continue to rebound and clear that threshold.
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Datadog is building a consolidation with a 138.61 buy point. See if it can break out in volume at least 40% higher than normal.
Datadog reported 2% earnings growth last quarter. Revenue gains came in at 26%.
Datadog holds the No. 7 rank among its peers in the Computer Software-Enterprise industry group. Samsara, ServiceNow and Palantir Technologies are among the top 5 highly rated stocks within the group.
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