Datadog saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 78 to 86.
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 as they launch their biggest climbs.
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Datadog is building a consolidation with a 170.08 buy point. See if it can clear the breakout price in volume at least 40% above average.
The company posted 2% earnings growth in the latest quarterly report. Sales increased 26%. Look for the next report on or around Feb. 13.
Datadog earns the No. 12 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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