Brown Forman Corp (BF.B) News

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Jack Daniels Whiskey Maker Slides After Earnings, Here Is The Trade Level

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

Jack Daniels Whiskey Maker Slides After Earnings, Here Is The Trade Level

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

Nice stock. They increased their quarterly dividend to $0.35, secured a $800,000,000 dollar, five year loan and have a conference call next Thursday discussing second quarter earnings. Also have to love the 52 week high.

$67.17 not bad BF!

Another alc bev down early in trading today...

Alc bev profits could be taken right about now...

Brown is in.

Does anybody watch prefered shares anymore?

Wish someone would pay attention to BF.B.

BF.B All good.

Another good week for BF.B

BF.B is one of several publicly traded Liquor related stocks with boards here on iHub. Check them all out!

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Brown-Forman is a potential merger candidate with Bacardi, any thoughts?