(Finance) – Fly the title Datto that on Wall Street changes hands in strong gains, exceeding the previous values by 20.65%.
Assisting the shares was Kaseya’s move, which put $ 6.2 billion, $ 35.5 per share, on the plate for the purchase of the cloud-based software and technology solutions provider.
Comparing the performance of the stock with theS & P-500on a weekly basis, we note that Datto maintains positive relative strength in comparison with the index, demonstrating greater appreciation by investors compared to the index itself (weekly performance + 28.19%, compared to -2.49% of theUS basketball index).
Technically, Datto is in a strengthening phase with an area of resistance seen at USD 34.78, while more immediate support is seen at 34.49. At the operational level, the session is expected to continue under the banner of bull with resistance seen at 35.08.