Brown & Brown Stock Near 52-Week High: What Should Investors Know?

Brown & Brown, Inc. (BRO) closed at $114.79 on Wednesday, near its 52-week high of$115.34. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $105.58 and$101.30, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.Earnings have grown 21.5% in the past five years, bette ...