On Wednesday, Dynatrace received a positive adjustment to its Relative Strength (RS) Rating, from 66 to 72.
This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest climbs. See if Dynatrace can continue to show renewed price strength and hit that benchmark.
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Dynatrace broke out earlier, but is now around 4% below the prior 57.39 entry from a cup with handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also keep in mind that the latest consolidation is a later-stage base, and such bases are more prone to failure.
The company posted 19% earnings growth in its most recent report. Sales increased 19%.
Dynatrace earns the No. 16 rank among its peers in the Computer Software-Enterprise industry group. Datadog, Enfusion and Klaviyo are among the top 5 highly rated stocks within the group.
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