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Look for Shares of Hartford Financial Services to Potentially Pullback after Yesterday's 1.65% Rise
Feb 01, 2013 (SmarTrend(R) News Watch via COMTEX) --
Hartford Financial Services (NYSE:HIG) traded in a range yesterday that spanned from a low of $24.79 to a high of $25.37. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $25.00 on volume of 7.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that subscribers consider buying shares of Hartford Financial Services on December 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.80. Since that recommendation, shares of Hartford Financial Services have risen 13.8%. We continue to monitor HIG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of Hartford Financial Services have traded between a low of $15.65 and a high of $25.37 and are now at $25.21, which is 61% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.6%.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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