Looking at Datadog after earningsDatadog said it earned $284,000 in the quarter when most analysts had expected it to lose money. The stock is down about 12% right now. How does the management team not know it's way cooler to lose money? They clearly did not study the Hooli playbook well enough.
I'm just joking.
But I am looking at Datadog after earnings and well, it has me thinking. This thing has popped higher on very little volume relative to its IPO day and volume profile since that day. I've marked the POC on the chart with "Yikes."
Has this name gone too far too fast? I'll be watching.
For those who have used the Datadog product, I hear it is good. So that does say something.
1DDOG trade ideas
DDOG H&S Pattern Forming- Next support? DDOG has been on a tear for some time. It's found resistance at the $99 level and it now looks like it's forming a Head and Shoulders pattern. RSI has been falling creating a price divergence, with price continuing to rise so a drop was expected. MACD has been showing less speed, a lazy sluggish move sideways. I happen to own shares in the 30's so I'm holding for the next base to form. Major support will come between $81 and $76- right around the 50d ma. The 21d ema couldn't hold it and won't hold it here. if it breaks the 50d next support is scary; an unfilled gap at $60. Watch RSI to hold trend at 52 for reversal.
There is hope an hourly gap at $81 might hold but the beating IT software companies have taken, I'm expecting hard supports to allow new strength.
DDOG - DataDog - $75 to $77.50 Entry Point0. Looking at the pullback in certain equities, and DDOG is looking attractive with a dip back into the channel;
1. $70 to $77.50 range if we get there, looks like a great longer term entry;
2. As you can see, we are in from much lower, but we feel this stock is going much higher, so we would like additional exposure.
- drchelsea
One of these days.... The Rise of SaaS stocksI totally understand why SaaS stocks are ripping and continue to be a big name and mover in markets. They are online, they are easy to reproduce, and all you need is a great sales team. But, one thing I am thinking about is valuation. At what point have they become detached from reality and at what point is it easy for a competitor to take away market share. For now I am just watching, but they are on my radar as they continue to climb. I think they have higher to go before the mania really begins. After that, I think volatility will enter.
$DDOG:NASDAQ - DATADOG INC - 190% gain since mid MarchDDOG is running well with almost a 200% gain over the last few months. Could be worth a look.
Datadog, Inc. engages in the development of monitoring and analytics platform for developers, information technology operations teams and business users. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide real-time observability of its customers' entire technology stack.