On Tuesday, Duolingo hit a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.
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 best-performing stocks typically have an 80 or higher RS Rating as they begin their biggest climbs.
Here Are 3 Keys For Successful Stock Investing
While now is not an ideal time to buy shares, see if the stock is able to offer and clear an appropriate buy point.
The company reported 12% EPS growth in its most recent report, while sales growth came in at 39%.
The company holds the No. 3 rank among its peers in the Computer Software-Education industry group. Spotify Technology is the No. 1-ranked stock within the group.
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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
