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Relative Strength Alert For Goosehead Insurance
Monday, December 2, 11:53 AM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Commit To Buy Goosehead Insurance At $35, Earn 10.2% Annualized Using Options
Wednesday, January 22, 11:21 AM ET, by Market News Video Staff

Investors considering a purchase of Goosehead Insurance Inc (GSHD) shares, but cautious about paying the ...

Noteworthy Tuesday Option Activity: GSHD, W, MSFT
Tuesday, January 28, 3:28 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

Goosehead Insurance Reaches Analyst Target Price
Friday, February 14, 8:53 AM ET, by Market News Video Staff

In recent trading, shares of Goosehead Insurance Inc (GSHD) have crossed above the average analyst ...

Bullish Two Hundred Day Moving Average Cross - GSHD
Friday, March 13, 4:38 PM ET, by Market News Video Staff

In trading on Friday, shares of Goosehead Insurance Inc (GSHD) crossed above their 200 day ...

Goosehead Insurance Enters Oversold Territory (GSHD)

By Market News Video Staff, Wednesday, September 16, 4:21 PM ET
Play Video: Learn About The RSI


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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Wednesday, shares of Goosehead Insurance Inc (NASDAQ:GSHD) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $80.80 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 51.1. A bullish investor could look at GSHD's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of GSHD shares:

Goosehead Insurance Inc 1 Year Performance Chart

Looking at the chart above, GSHD's low point in its 52 week range is $37.26 per share, with $115.1099 as the 52 week high point — that compares with a last trade of $81.61. Find out what 9 other oversold stocks you need to know about »


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