On Wednesday, Duolingo stock hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 77 the day before.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
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Is Duolingo Stock A Buy?
Duolingo stock has risen more than 5% past a 215.04 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth picked up last quarter from 0% to 538%. But sales fell from 45% to 41%.
Duolingo stock earns the No. 1 rank among its peers in the Computer Software-Education industry group. Spotify Technology and Instructure Holdings are also among the group's highest-rated stocks.
