Duck Creek Technologies (DCT) was one of our two stock picks for 2021. On Dec. 28 we wrote that "Now I turn my attention to a recent IPO that I think is promising -- Duck Creek Technologies, Inc. The company develops industry-specific software that helps insurance carriers to deploy and manage their products and services. I think this is an interesting story and I suggest looking to buy DCT near $40 in early 2021."
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Let's check and see what clues we can glean from the charts and indicators.
With a high yield of 6.4%, this is an attractive stock for income investors.
I view this as just some routine and much needed corrective action rather than a major trend change.