BRO UptrendLook to get in on pullback or breakout trend continuation. Stops depend on entry. Hold for continuation.
BTW trade ideas
Flat Base Pattern BreakoutI 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 just might be a lot more to come from Brown and Brown because the pattern here is textbook, so watch for it; I've been right once or twice :)....and good luck!
Nice Dip To Buy In Light Of Earnings ExpectationThe 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 & Brown lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank."
