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Shares of BRO Down 71.1% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Brown & Brown (NYSE:BRO) on March 23rd, 2018 at $101.15. In approximately 8 months, Brown & Brown has returned 71.09% as of today's recent price of $29.24.

In the past 52 weeks, shares of Brown & Brown have traded between a low of $24.34 and a high of $107.74 and are now at $29.24, which is 20% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 3.3% while the 50-day MA has declined 0.4%.

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 will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Brown & Brown.

Log in and add Brown & Brown (BRO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights brown & brown

Ticker(s): BRO