Lacks volatility as a rule. Some want volatility just saying Known to be slow and steady NV High Brown & Brown, Inc. markets and sells insurance products and services in the United States, England, Canada, Bermuda, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers...
Brown & Brown Inc (BRO - US) has completed A-5 wave decline & correcting in wave B. Sell 50-62 % pull back for C down wave. It is actually moving down in Y wave of bigger WXY pattern.
Stock is filled, yet. I might go to .5R/1R. We will see how it goes.
Look to get in on pullback or breakout trend continuation. Stops depend on entry. Hold for continuation.
I hope this is another base setting up because base on base patterns are known to have explosive breakouts
I just realized that when BRO broke out on earnings that it was also a Flat Base Pattern that was breaking; this is a very powerful and very promising pattern. In fact this, along with the Cup and Handle, is one of the main base patterns that William J. O'neil teaches to watch for (How To Make Money In Stocks: A Winning System In Good Times Or Bad). I think there...
The fact that BRO is expected to surprise, and suffered a nice dip Friday may prove to be a good thing. They are not expected to report earnings until Monday evening (10/28) so there is ample time to decide if you want to buy or not. The following is from ZACKS : "Thanks in part to this history, there has been a favorable change in earnings estimates for Brown &...
BRO GAP ANTICIPATION EARNING SEASON
BRO: Brown & Brown, Inc. 2018-10-22 09:15:00 Brown & Brown, Inc. Enters Into Agreement to Acquire Hays Companies
BRO: Brown & Brown, Inc. 2018-10-08 05:55:00 Brown & Brown, Inc. Announces the Asset Acquisition of FNI Management Group
Stop - 27.20 Enter 27.45 or better. 1st Target 28.00 >>>>>Plan to ride 10 EMA until cross and stop out if trade works.
IBD Ratings -- Group: 43/197 (#4 in group) EPS 82 SMR B PE 20 Earnings 18 Jul 2016