Shares of Datadog, Inc. (NASDAQ:DDOG) are little changed on Wednesday. They have been trading lower since reporting earnings in November.But the stage may be set for a reversal. The shares are oversold and at a possible support level. This is why we have made Datadog our Stock of the Day.Many trading strategies are based on the concept of reversion to the mean. If a stock gets overextended in one direction, traders will enter the market anticipating a move in the opposite direction.Most of the time, a stock ...

The most successful technical traders rarely rely on just one signal. Instead, they look to a few go-to indicators for confirmation before acting on buy and sell signals. In a recent webinar, John Rowland, Barchart’s Senior Market Strategist, showed traders how to use Bollinger Bands and the Relative Strength Index (RSI) to dramatically improve the accuracy of trend and reversal signals from Heikin Ashi candlesticks. More News from Barchart Why Heikin Ashi Candlesticks Are Different Heikin Ashi candlest ...