Dynatrace: Fundamentals Are Positive While Being Punished

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ValueWalk

Dynatrace Inc (NYSE:DT) is a victim of its own success. The stock’s revenues and share price were trending higher and higher quarter to quarter. Nothing looked to be able to stop it from reaching a new ATH and then some, which was until the market decided it was too expensive and has taken it for a ride towards the bottom ever since. It should also be noted that the market has moved along with it, and with Dynatrace being a tech stock, it has faced additional prejudice. The stock now is struggling to recover lost ground but its technicals just aren’t holding up. Dyntrace is currently down -44….

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