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High Tight Bull Flag Forms in Small Cap Insurer

by | Aug 28, 2024

Goosehead Insurance (GSHD) shares of the insurer are showing great relative strength as the sector stays strong and GSHD forms a high tight bull flag above 80 after its earnings report last month saw a large gap up and drift move. The pattern looks to be resolving higher from a recent test of the 80 support on its 21 day EMA and a breakout higher likely targets 95 from here which is a former VPOC from 2022. GSHD reported a strong quarter beating top and bottom-line estimates.

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