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BROWN & BROWN
(BRO-NYSE):
Technical Viewpoint: From a low
of $41.76 on Dec 27, 2004 prices
rallied, reaching a
high of $45.40
on Jan 18, 2005. A
decline saw prices pull back, reaching a
low of
$42.26 on Jan 28, 2005.
Another rally saw prices penetrate
resistance, closing 2/11/05
at $47.12. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 12, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 11, 2005. A P&F upside
reversal takes place at $45.50. Summary: Technical indicators have turned bullish. BUY! BROWN & BROWN
(BRO-NYSE) @ $47.25 Stop: Use a protective stop of $45.25.
BROWN & BROWN is currently trading @ $47.12 plus $3.62 on Feb 11, 2005. Price Objective:
$62.50. Risk/Reward: $2.00 VS. $15.25. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$62.50
Risk/Reward:
$2.00 VS. $15.25
Risk/Reward Ratio:
7:1
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