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Brown & Brown: The Winning Streak Continues (BRO)

By James Quinn

Brown & Brown (NYSE:BRO) traded at a new 52-week high today of $36.33. So far today approximately 52,000 shares have been exchanged, as compared to an average 30-day volume of 712,000 shares.

Over the past year, Brown & Brown has traded in a range of $28.41 to $36.33 and is now at $36.22, 27% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

Brown & Brown, Inc. and its subsidiaries provide a range of insurance and reinsurance products and services. The Company also provides risk management, employee benefit administration, and managed health care services. Brown & Brown operates offices across the United States.

Based on a current price of $36.22, Brown & Brown is currently 1.9% above its average consensus analyst price target of $35.55. Brown & Brown shares have support at the 50-day moving average (MA) of $34.66 and additional support at the 200-day MA of $32.56.

SmarTrend recommended that subscribers consider buying shares of Brown & Brown on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.54. Since that recommendation, shares of Brown & Brown have risen 14.1%. We continue to monitor BRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows brown & brown

Ticker(s): BRO