Dynatrace saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 68 to 74.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Decades of market research shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Dynatrace can continue to show renewed price strength and hit that benchmark.
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The IBD Big Cap 20 stock is trying to complete a cup with handle with a 59.80 buy point. See if it can break out in heavy trading.
Dynatrace reported 19% EPS growth in the latest quarterly report, while sales growth came in at 19%. The company is expected to report its latest results on or around Jan. 30.
Dynatrace holds the No. 11 rank among its peers in the Computer Software-Enterprise industry group. Enfusion, Samsara and Klaviyo are among the top 5 highly rated stocks within the group.
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