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Brown & Brown: The Winning Streak Continues (BRO)

By Amy Schwartz

Brown & Brown (NYSE:BRO) traded at a new 52-week high today of $33.78. This new high was reached on below average trading volume as 94,000 shares traded hands, while the average 30-day volume is approximately 661,000 shares.

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.

Over the past year, Brown & Brown has traded in a range of $30.02 to $33.78 and is now at $33.77, 12% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

There is potential upside of 5.7% for shares of Brown & Brown based on a current price of $33.77 and an average consensus analyst price target of $35.70. Brown & Brown shares have support at the 50-day moving average (MA) of $32.58 and additional support at the 200-day MA of $32.37.

SmarTrend is monitoring the recent change of momentum in Brown & Brown. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Brown & Brown in search of a potential trend change.

Keywords: 52 week high/lows brown & brown

Ticker(s): BRO