On Monday, Datadog received a positive adjustment to its Relative Strength (RS) Rating, from 80 to 86.
This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating of at least 80 in the early stages of their moves.
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Datadog has climbed more than 5% past a 138.61 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Datadog posted 2% earnings growth in the latest quarterly report. Revenue rose 26%.
Datadog earns the No. 5 rank among its peers in the Computer Software-Enterprise industry group. Samsara is the top-ranked stock within the group.
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