Brown & Brown Broke Resistance

Published on Sunday, 05 February 2012 16:52 Written by Danny Miller

New York, February 5th (TradersHuddle.com) - Shares of Brown & Brown, Inc. (NYSE:BRO) closed the trading session at $23.35 just above calculated resistance at $23.27 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

Brown & Brown, Inc. (NYSE:BRO) provide a range of insurance and reinsurance products and services. The Company also offers risk management, employee benefit administration, and managed health care services.

Brown & Brown's stock was trading in a well defined range with support at $21.92 and resistance at $23.27, given that this range was broken traders will be closely monitoring the stock