Brown & Brown - Still Rising

Summary

• 100% technical buy signals.
• 16 new highs and up 14.25% in the last month.
• 60.59% gain in the last year.

The Barchart Chart of the Day belongs to the insurance services company Brown & Brown (BRO). I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 10/29 the stock gained 20.34%.

Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third party administration, managed health care, and Medicare set-aside services and programs. Providing service to business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' sixth largest independent insurance intermediary.

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Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can, therefore, change during the day as the market fluctuates. The indicator numbers shown below, therefore, may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

• 100% technical buy signals
• 64.10+ Weighted Alpha
• 60.59% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• Relative Strength Index 87.04% 
• Technical support level at 41.30
• Recently traded at 44.73 with a 50 day moving average of 39.34

Fundamental factors:

• Market Cap $11.72 billion
• P/E 30.31
• Dividend yield .82%
• Revenue expected to grow 6 .10% this year and another 5.90% next year
• Earnings estimated to increase 7.90% this year, an additional 9.30% next year and continue to compound at an annual rate of 10.35% for the next 5 years
• Wall Street analysts issued 1 strong buy, 1 buy, 8 hold, 2 underperform and 1 sell recommendation on the stock
• The individual investors following the stock on Motley Fool voted 121 to 13 that the stock will beat the market
• 2,339 investors are monitoring the stock on Seeking Alpha