Datadog had its Relative Strength (RS) Rating upgraded from 69 to 76 Wednesday — a welcome improvement, but still below the 80 or better score you look for.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Datadog can continue to rebound and hit that benchmark.
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The IBD Big Cap 20 stock is trying to complete a consolidation with a 138.61 entry. See if the stock can clear the breakout price in volume at least 40% above average.
The company posted 48% EPS growth in the latest quarterly report, while sales growth came in at 27%. The company is expected to report its latest numbers on or around Nov. 7.
Datadog holds the No. 9 rank among its peers in the Computer Software-Enterprise industry group. Klaviyo, monday.com and ServiceNow are among the top 5 highly rated stocks within the group.
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