Bro stock price remains in a tight upward channel

Bro stock price remains in a tight upward channel, with Bollinger Bands suggesting expanding volatility could push prices toward $66 if buying pressure sustains. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. While conducting our analysis, we found that K-Bro Linen has 2 warning signs and it would be unwise to ignore them. Despite its notable strengths, BRO stock has plunged 27.7% from its all-time high of $125.68 touched on Apr. 3. Meanwhile, the stock has declined 14.8% over the past three months, significantly underperforming the iShares U.S. Insurance ETF’s (IAK) marginal 33 bps dip during the same time frame. Market watchers note bro stock price rallied 2.1% in pre-market trading after positive commentary from a major brokerage. Options data shows increased call volume at strike $65, indicating bullish positioning ahead.