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Hartford Financial Services Bearish Moving Average Crossover Alert (HIG)

By Nick Russo

Today, shares of Hartford Financial Services (NYSE:HIG) have crossed bearishly below their 10-day moving average of $49.03 on a volume of 176K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Hartford Financial Services have traded between a low of $36.54 and a high of $50.95 and are now at $48.89, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Hartford Financial Services on November 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.36. Since that recommendation, shares of Hartford Financial Services have risen 8.5%. We continue to monitor HIG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Hartford Financial Services

Ticker(s): HIG