July 6, 2022



Datadog Inc Stock Clears Key Benchmark, Hitting 90-Plus RS Rating

2 min read

Datadog Inc Cl A (DDOG) saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 89 to 92.


When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD’s unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of above 80 as they launch their largest price moves.

See How IBD Helps You Make More Money In Stocks

The IBD 50 stock is now considered out of buy range after clearing a 110.34 buy point in a first-stage cup with handle on a weekly and daily chart from MarketSmith last year. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.




Earnings Due

Regarding fundamentals, Datadog Inc stock has posted rising EPS growth in each of the last three reports. Revenue growth has also increased during the same period. Quarterly earnings  are due on our around May 6, 2022, according to the company website.

See also  This Option Trade Could Return 37% If AMD Stock Doesn’t Go Wild

The company holds the No. 2 rank among its peers in the Computer Software-Enterprise industry group. Concentrix Corp (CNXC) is the top-ranked stock within the group.


Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks


Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
Find The Best Long-Term Investments With IBD Long-Term Leaders

IBD Digital: Get access to subscriber-only stock lists and market analysis. Plus, add the weekly print edition for your weekend prep.



Copyright © All rights reserved. | Newsphere by AF themes.