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BROWN & BROWN
(BRO-NYSE):
Technical Viewpoint: From a low
of $26.75 on Mar 12, 2003 prices
rallied, reaching a
high of $31.95
on Mar 21, 2003. A
decline saw prices pull back, reaching a
low of
$30.76 on Mar 27, 2003.
Another rally saw prices penetrate
resistance, closing 4/11/03
at $34.36. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 19, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.00. Resistance: Is at $34.80.
Point & Figure: Reversed to the upside on Apr 11, 2003. A P&F upside
reversal takes place at $33.25. Summary: Technical indicators have turned bullish. BUY! BROWN & BROWN
(BRO-NYSE) @ $34.50 Stop: Use a protective stop of $32.50.
BROWN & BROWN is currently trading @ $34.36 plus $2.44 on Apr 11, 2003. Price Objective:
$46.00. Risk/Reward: $2.00 VS. $11.50. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$46.00
Risk/Reward:
$2.00 VS. $11.50
Risk/Reward Ratio:
6:1
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