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Brown & Brown Bearish Moving Average Crossover Alert (BRO)

By James Quinn

Brown & Brown (NYSE:BRO) shares have crossed bearishly below their 10-day moving average of $36.30 on a volume of 280K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Brown & Brown share prices have moved between a 52-week high of $37.20 and a 52-week low of $25.72 and are now trading 38% above that low price at $35.37 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Brown & Brown on February 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.84. Since that recommendation, shares of Brown & Brown have risen 26.6%. We continue to monitor BRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses brown & brown

Ticker(s): BRO