Could DataDog Inc. (DDOG Stock) move towards the 95 level?

AAATrade Team AAATrade

Today’s instrument is the DataDog Inc.‘s stock traded in Nasdaq exchange under the ticker DDOG.

Looking at the DDOG‘s chart, we see that after a long upward movement it reached the lastly traded price of around $88.70.

Today, it is announcing its quarterly earnings, and if the market’s anticipation is positive, then we should expect a further price increase above the level of $90, later this day, with the possibility to approach its resistance level at around $95.

On the other hand, it could test its support level at around $82.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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