Wednesday, June 06, 2018 11:35:25 AM
Brown Forman Corp (NYSE:BF.B) is a leading manufacturer and distributor of alcoholic beverages under the Jack Daniel's, Finlandia and other brands. Today, the stock is falling lower by 3.88 percent to $53.70 a share. Traders should note that the shares are now trading below its important 50-day moving average. This decline below this key moving average puts the stock in a weak technical position on the charts. There are still some major support levels below that should be watched closely. First, there is the $49.00 area which is a major gap fill from December 5th, 2017. Depending on how the stock reaches that level it could be a major support area. The next major level would be around the $47.50 level which is where there was a major breakout in late November 2017. My best bet level is going to be the $47.50 area, Very often, the institutional money will defend a prior breakout level when initially retested.
Nicholas Santiago
InTheMoneyStocks
Recent BF.B News
- The Duckhorn Portfolio Closes Acquisition of Sonoma-Cutrer Vineyards • Business Wire • 05/01/2024 10:00:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/06/2024 09:59:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 01:14:04 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 02:00:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/01/2024 10:57:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 09:32:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/10/2024 09:31:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 09:44:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/06/2023 09:20:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/06/2023 01:08:34 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 11/16/2023 09:52:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/02/2023 08:38:26 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 10/10/2023 03:07:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/02/2023 08:34:52 PM
- Keep An Eye Out: Pre-Market Movers And Recommendations • IH Market News • 09/12/2023 01:23:36 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/30/2023 08:31:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2023 12:41:10 PM
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- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/04/2023 10:15:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2023 09:14:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2023 09:12:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2023 09:10:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2023 09:09:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2023 09:06:33 PM
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