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Goosehead Insurance Getting Closer To Key Technical Benchmark

Goosehead Insurance (GSHD) had its Relative Strength (RS) Rating upgraded from 65 to 74 Wednesday — a welcome improvement, but still shy of the 80 or higher score you look for.




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As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This unique 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.

History shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Goosehead Insurance can continue to show renewed price strength and hit that benchmark.


See How IBD Helps You Make More Money In Stocks


Goosehead Insurance is now considered extended and out of buy range after clearing a 115.21 buy point in a second-stage cup without handle. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings grew 13% last quarter, up from -48% in the prior report. Revenue also increased, from 28% to 30%.

Goosehead Insurance earns the No. 42 rank among its peers in the Insurance-Property/Casualty/Title industry group. Stewart Information Services (STC) and First American Financial (FAF) are also among the group’s highest-rated stocks.

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