BROWN & BROWN
(BRO-NYSE):
Technical Viewpoint: From a low
of $29.20 on Mar 14, 2002 prices
rallied, reaching a
high of $35.53
on Apr 17, 2002. A
decline saw prices pull back, reaching a
low of
$32.16 on Apr 30, 2002.
Another rally saw prices penetrate
resistance, closing 5/6/02
at $35.71. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 8, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.50. Resistance: Is at $36.33.
Point & Figure: Reversed to the upside on May 3, 2002. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! BROWN & BROWN
(BRO-NYSE) @ $35.88 Stop: Use a protective stop of $33.38.
BROWN & BROWN is currently trading @ $35.71 plus $1.36 on May 6, 2002. Price Objective:
$47.50. Risk/Reward: $2.50 VS. $11.63. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$47.50
Risk/Reward:
$2.50 VS. $11.63
Risk/Reward Ratio:
5:1
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