Consolidating Within Close Range of 52-Week High - Tuesday, July 9, 2024
There is 1 more featured stock write-up on since to 9/20/2024
Consolidating Within Close Range of 52-Week High - Tuesday, July 9, 2024
Datadog (DDOG -$5.77 or -4.36% to $126.63) suffered a loss today with higher volume after it was highlighted in yellow in the earlier mid-day report (read here) with pivot point cited based on its 2/13/24 high plus 10 cents. It is consolidating above its 50-day moving average (DMA) line ($120.74) and perched -8.6% off its 52-week high. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal.
DDOG has a 99 Earnings Per Share Rating, the highest possible rank. It reported Mar '24 quarterly earnings +91% on +27% sales revenues versus the year-ago period, its 4th consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong since completing its $27 IPO on 9/19/19.
It hails from the Computer Sftwr-Enterprse group which is currently ranked 103rd on the 197 Industry Groups list. The number of top-rated funds owning its shares rose from 1,658 in Sep '23 to 1,927 in Jun '24, a reassuring sign concerning the I criteria.
