Brown & Brown, Inc. is an insurance brokerage firm, specialising in risk management. Headquartered in Daytona Beach, Florida, Brown & Brown has 450+ locations worldwide.
Healthy price action below multi-month supply.
This chart is inside an uptrend and after a pullback, its passed of a previous high and i suppose in short time it will touch $74.
By setting SL at a good place ( eg 66 ) buying suggested.
The PEAD projected a Neutral outlook for $BRO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
The PEAD projected a Bullish outlook for $BRO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 20%.
BRO is painting a picture perfect short setup. Reward/risk using stop loss and 1st PT as pictured is 4.17 if orders are scattered across the red zone. Nice Quasimodo pattern.
Bro is showing strong buyer sentiment with increased volume. From the reversal point (Doji candle) there have been 2 sessions of 3 consecutive trading days with Three White Soldiers. The slight rally has broken the most recent resistance. The increase in volume trading above the volume's moving average with prior positive earnings in a stable market could see...
The current W2 pattern might progress to a W8 pattern.
Above 56.80 supports a bullish trend direction.
Further trend support above 58.05.
Consolidation range between 57.60 and 59.30.
Breaking above 59.30 might target 61.80.
Crossing below 57.60 will be the first sign of weakness.
BRO: Brown & Brown, Inc.
2022-06-01 17:30:00
Brown & Brown, Inc. announces the acquisition of Dealer Specialties Group Corp. by Brown & Brown Dealer Services
ENTRY: 68.34
SL: 63.03
TP: 72-74
- ADX<20. Would like to be higher.
- Maintaining at pivot point "P" and 38% fib.
- Strength meter is green hence some strength.
- Entry based on breakout from VZ today.
* Great earnings
* Very strong up trend
* High 3-month relative strength in the Financial sector of 6.25
* Breaking out of a 2 month base with higher than average volume
* Held up very nicely during the recent market conditions
Trade Idea:
* Now's a great time to enter as the markets are showing signs of recovery
* Still close to the broken level and adding to...
BRO: Brown & Brown, Inc.
2021-12-13 17:00:00
Brown & Brown, Inc. announces the acquisition of Dealer Admin. Services, Inc. by Brown & Brown Dealer Services
#BRO has been bullish since 2013 ever since it crosses $13.6 levels and after that it did not come down to touch this level. Since then $BRO has been trending in up trend with some little ups and down. But since May 2021 Smart Money seems to be very active and super bullish in this counter and its been rising vertically. This stock should be monitored and should...
