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Come Get Some Bro! - Short BRO at $25.65 with Multiple Time Frames

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July 30, 2012 – Comments (0) | RELATED TICKERS: BRO

Now I've got 3 longs and 3 shorts. While that may change before the close of the day, depending on what the market does, I'm currently at a point where I'm comfortable with the balance in the portfolio. 

I went short on BRO just now, and the setup looks terrific on both the 5min chart and the daily chart. While there may be some question as to whether I hold my two previous shorts today overnight (SWHC & FB), I fully plan on holding BRo overnight. 

Brown & Brown (BRO) on the Daily Chart:

Brown & Brown (BRO) on the 5 min Chart

 

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