Datadog (DDOG) - Trade Stocks

Datadog (DDOG)

By Fri, Feb 18, 2022

Growth stocks may be struggling, but there are still some hidden gems there.

One of those is today’s Chart of the Week, Datadog (DDOG).

This pick comes from our 2 to 100 Club, which scans the strongest growth industries for the next $100 billion company. We filter those picks to find stocks closest to their 52-week highs and ready for technical breakouts.

DDOG was one of the biggest winners, also showing up in our Follow the Flow scan, which identifies unusually heavy directional options activity.

Add in Datadog’s relative strength right now, and DDOG is a tantalizing trade as long as it hits that 175 level.

Below 175, we are steering clear of it and just watching (too much downside risk).

But above 175, we’re long with a target of 264.

Exponential reward, limited risk, just how we like it.

Til next week, good trading,


JC Parets

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About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.