On Friday, Duolingo earned a positive adjustment to its Relative Strength (RS) Rating, from 67 to 85.
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This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves.
While the stock is not near an ideal buying range right now, see if it goes on to form and break out from a proper consolidation.
Top and bottom line growth moved higher last quarter. Earnings were up 92%, compared to 26% in the prior report. Revenue increased from 38% to 41%.
The company earns the No. 1 rank among its peers in the Computer Software-Education industry group. Coursera and Spotify Technology are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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