One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Datadog now clears that threshold, with a jump from 78 to 83 Tuesday before the market open.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating of above 80 in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
The IBD Sector Leaders stock is trying to complete a consolidation with a 118.02 buy point. While it was fighting the market direction recently, today it has succumbed like most other stocks. See if the stock can fight back then clear the breakout price in volume at least 40% higher than normal.
DDOG Earnings
While the company's top line growth fell last quarter from 33% to 25%, EPS grew 50%, up from 17% in the previous report.
Datadog earns the No. 4 rank among its peers in the Computer Software-Enterprise industry group. ServiceNow and Workday are also among the group's highest-rated stocks.
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