Goosehead Insurance saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 89 to 92.
When looking for the best stocks to buy and watch, one factor to watch closely is 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.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of above 80 as they launch their biggest runs.
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Goosehead Insurance has moved more than 5% past a 115.21 entry in a second-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed -48% EPS growth in its most recent report, while sales growth came in at 28%.
Goosehead Insurance holds the No. 35 rank among its peers in the Insurance-Property/Casualty/Title industry group. Stewart Information Services, Selective Insurance and First American Financial are among the top 5 highly rated stocks within the group.
