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Shares of Brown & Brown Rise to a New 52-Week High

By David Diaz

Shares of Brown & Brown (NYSE:BRO) traded at a new 52-week high today of $33.26. This new high was reached on below average trading volume as 62,000 shares traded hands, while the average 30-day volume is approximately 902,000 shares.

In the past 52 weeks, shares of Brown & Brown have traded between a low of $25.72 and a high of $33.26 and are now at $33.26, which is 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

Brown & Brown (NYSE:BRO) is currently priced 23.2% above its average consensus analyst price target of $25.53. Brown & Brown shares have support at the 50-day moving average (MA) of $31.73 and additional support at the 200-day MA of $29.49.

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.

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 15.0%. 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