Dynatrace is a software company developing intelligent platforms that allow customers to modernize and automate IT operations.
Their secret sauce? You guessed it… artificial intelligence.
Now only has the pullback been shallow (only 6% from its highs), it also took place on decreasing volume.
I like to see leading stocks making shallow retracements on light volume. This is my clue that the big players are not selling, and the stock has a good chance of pushing higher.
DT is breaking through its $52 pivot point as I type this, making it an actionable trade.
DISCLOSURE: I just bought DT here with a stop loss at 49.80 to risk just under 5% on the trade.
Their secret sauce? You guessed it… artificial intelligence.
Now only has the pullback been shallow (only 6% from its highs), it also took place on decreasing volume.
I like to see leading stocks making shallow retracements on light volume. This is my clue that the big players are not selling, and the stock has a good chance of pushing higher.
DT is breaking through its $52 pivot point as I type this, making it an actionable trade.
DISCLOSURE: I just bought DT here with a stop loss at 49.80 to risk just under 5% on the trade.