DDOG stock closed higher Thursday, with the movement pushing shares of enterprise software company Datadog past a buy point.
Datadog, Wednesday's IBD Stock Of The Day, rose 2.9% to 120.65 on the stock market today. That's after climbing 2.2% on Wednesday.
DDOG stock cleared a high handle on a cup base, with a 120.26 buy point. Shares had already flashed an early entry Thursday morning from breaking a downtrend of the handle.
DDOG Stock: Up 59% This Year
New York-based Datadog sells software that monitors applications running on cloud-computing platforms. Datadog shares have gained 59% this year.
Datadog stock urged on a strong earnings report last month.
Meanwhile, Datadog shares are trading well above the 50-day moving average.
Further, DDOG stock ranks first among 127 stocks in IBD's software-enterprise industry group, according to IBD Stock Checkup.
