When Brown & Brown ($BRO) Moves Investors should Listen
November 12, 2023, 01:15 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BRO
- Buy BRO slightly over 72.30 target 76.27 stop loss @ 72.09 Details
The technical summary data tells us to buy BRO near 72.30 with an upside target of 76.27. This data also tells us to set a stop loss @ 72.09 to protect against excessive loss in case the stock begins to move against the trade. 72.30 is the first level of support below 72.85 , and by rule, any test of support is a buy signal. In this case, support 72.30 is being tested, a buy signal would exist.
- Short BRO slightly under 76.27, target 72.30, stop loss @ 76.49 Details
The technical summary data is suggesting a short of BRO as it gets near 76.27 with a downside target of 72.30. We should have a stop loss in place at 76.49though. 76.27 is the first level of resistance above 72.85, and by rule, any test of resistance is a short signal. In this case, if resistance 76.27 is being tested, a short signal would exist.
Swing Trading Plans for BRO
- Buy BRO slightly over 76.27, target n/a, Stop Loss @ 76.05 Details
If 76.27 begins to break higher, the technical summary data tells us to buy BRO just slightly over 76.27, with an upside target of n/a. The data also tells us to set a stop loss @ 76.05 in case the stock turns against the trade. 76.27 is the first level of resistance above 72.85, and by rule, any break above resistance is a buy signal. In this case, 76.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BRO slightly near 76.27, target 72.30, Stop Loss @ 76.49. Details
The technical summary data is suggesting a short of BRO if it tests 76.27 with a downside target of 72.30. We should have a stop loss in place at 76.49 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 76.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for BRO
- Buy BRO slightly over 76.27, target n/a, Stop Loss @ 76.09 Details
If 76.27 begins to break higher, the technical summary data tells us to buy BRO just slightly over 76.27, with an upside target of n/a. The data also tells us to set a stop loss @ 76.09 in case the stock turns against the trade. 76.27 is the first level of resistance above 72.85, and by rule, any break above resistance is a buy signal. In this case, 76.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BRO slightly near 76.27, target 72.78, Stop Loss @ 76.45. Details
The technical summary data is suggesting a short of BRO if it tests 76.27 with a downside target of 72.78. We should have a stop loss in place at 76.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 76.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Brown & Brown (BRO) available here: BRO.
BRO Ratings for November 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
68.35 |
| P2 |
71.62 |
69.99 |
72.30 |
| P3 |
72.78 |
72.02 |
76.27 |
AI Generated Signals for BRO
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Brown & Brown (NYSE: BRO) report below is a real world example. Included are trading plans for BRO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BRO:
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