Datadog had its Relative Strength (RS) Rating upgraded from 90 to 93 Monday, before the market opened for trading.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 at the beginning of a new climb.
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Datadog may not be near an ideal buy point right now, considering it fell back after clearing a recent cup with handle pattern. It is currently inside the buying range of that pattern, but keep in mind that earnings are scheduled for tomorrow, so a new buy might be risky.
DDOG Earnings
Datadog reported 17% earnings growth in its most recent report, while sales growth came in at 33%. Keep an eye out for the company's next round of numbers on or around Aug. 8.
Datadog earns the No. 1 rank among its peers in the Computer Software-Enterprise industry group. Cloudflare and ServiceNow are also among the group's highest-rated stocks.
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