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Bullish Moving Average Cross by Brown & Brown (BRO)

By Shiri Gupta

Brown & Brown (NYSE:BRO) shares have crossed bullishly above their 10-day moving average of $35.51 on a volume of 106K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Brown & Brown have traded between a low of $29.56 and a high of $48.69 and are now at $37.66, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Brown & Brown on February 27th, 2020 by issuing a Downtrend alert when the shares were trading at $44.94. Since that call, shares of Brown & Brown have fallen 20.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses brown & brown

Ticker(s): BRO