The Relative Strength (RS) Rating for Datadog jumped into a new percentile Thursday, with an increase from 75 to 81.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all 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 RS Rating of over 80 in the early stages of their moves.
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Is Datadog Stock A Buy?
The stock, which is on the IBD Big Cap 20 screen, is trying to complete a consolidation with a 138.61 entry. See if the tech stock can clear the breakout price in volume at least 40% above average.
Earnings growth declined last quarter from 110% to 91%. But revenue moved higher, from 26% to 27%.
Datadog stock earns the No. 3 rank among its peers in the Computer Software-Enterprise industry group. Magnite is the No. 1-ranked stock within the group.
