A Bullish Sign Appears On Brown & Brown's Chart
Portfolio Pulse from Benzinga Insights
A golden cross has formed on Brown & Brown's (NYSE:BRO) chart, indicating a potential bullish trend for the stock. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, suggesting a change in the long-term trend.
May 19, 2023 | 3:02 pm
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Brown & Brown (NYSE:BRO) experiences a golden cross, indicating a potential bullish trend for the stock. The company's past and upcoming earnings expectations show positive results.
The golden cross is a technical indicator that suggests a potential bullish trend for a stock. In the case of Brown & Brown, the 50-day moving average has crossed above the 200-day moving average, indicating a change in the long-term trend. Additionally, the company's past and upcoming earnings expectations show positive results, which could further support the bullish sentiment.
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