Brown-Forman Corporation produces, bottles, imports, exports, markets, and sells a variety of beverage alcohol products. Its notable brands include Jack Daniel's Tennessee Whiskey, Gentleman Jack, Old Forester, Woodford Reserve, Fords Gin, Slane Irish Whiskey, and The GlenDronach. The company's extensive portfolio also features flavored whiskeys like Jack Daniel's Tennessee Honey and Tennessee Fire, as well as ready-to-drink options like Part Time Rangers. Brown-Forman's products are available in over 170 countries worldwide.
When researching a stock like Brown-Forman, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from BF.B Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for BF.B stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the BF.B 200 day moving average ("BF.B 200 DMA"), while one of the most popular "shorter look-backs" is the BF.B 50 day moving average ("BF.B 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Brown-Forman. |
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Video: Technical Analysis