• Return to Headlines

Bullish Moving Average Cross by Brown & Brown (BRO)

By James Quinn

Brown & Brown (NYSE:BRO) crossed over its 10-day moving average of $34.95 on a volume of 250K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Brown & Brown share prices have moved between a 52-week high of $35.62 and a 52-week low of $25.72 and are now trading 38% above that low price at $35.50 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 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 20.1%. 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