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

By James Quinn

Shares of Brown & Brown (NYSE:BRO) traded at a new 52-week high today of $36.91. Approximately 85,000 shares have changed hands today, as compared to an average 30-day volume of 712,000 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.

Brown & Brown (NYSE:BRO) defies analysts with a current price ($36.88) 3.6% above its average consensus price target of $35.55. The stock should discover initial support at its 50-day moving average (MA) of $34.66 and subsequent support at its 200-day MA of $32.56.

In the past 52 weeks, Brown & Brown share prices have been bracketed by a low of $28.41 and a high of $36.91 and are now at $36.88, 30% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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 15.3%. 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