Goosehead Insurance (GSHD) raised its Relative Strength (RS) from 69 to 75 on Friday – a welcome improvement, but still below the 80 or better value you’re looking for.
When looking for the best stocks to buy and watch, one factor to watch carefully is relative price strength.
This exclusive rating from Investor’s Business Daily shows market leadership with a score from 1 (worst) to 99 (best). The evaluation shows how the price movement of a stock has developed in the last 52 weeks in comparison to all other stocks in our database.
Decades of market research shows that the best performing stocks tend to have an RS rating of at least 80 in the early stages of their moves. See if Goosehead Insurance can continue to show renewed pricing strength and reach this benchmark.
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Goosehead Insurance is up more than 5% above a 115.21 entry in a second tier mug with no handle, meaning it is now out of a proper buying zone. Look for the stock for a new opportunity, like a three-week shortage or pullback to get to the 50-day or 10-week moving average.
Sales and earnings growth soared in the company’s final quarter. Profit increased 200% from 46% in the previous report. Sales rose from 48% to 53%. Keep an eye out for the company’s next numbers on or around July 30th.
The company achieved 42nd place among its competitors in the insurance / accident / title industry group. American Financial (AFG) and Selective Insurance (SIGI) are also among the group’s highest-rated stocks.
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