SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Brown & Brown (BRO)
Friday, March 19, 2010 - 10:35
Written on Fri, 03/19/2010 - 10:35am
By Chip Brian

SmarTrend identified a Downtrend for Brown & Brown (NYSE:BRO) on November 03, 2009 at $18.16. In approximately 5 months, Brown & Brown has returned 2.9% as of today's recent price of $17.63.
Brown & Brown is currently below its 200-day moving average of $18.59 and should find support at its 50-day moving average of $17.47. Look for these moving averages to decline to confirm the company's downward momentum.
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.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): BRO

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