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Hartford Financial Services Bearish Moving Average Crossover Alert (HIG)

By Amy Schwartz

Today, shares of Hartford Financial Services (NYSE:HIG) have fallen below their 10-day MA of $44.23 on a volume of 399K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Hartford Financial Services has traded in a range of $36.54 to $50.95 and is now at $43.90, 20% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Hartford Financial Services on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.36. Since that recommendation, shares of Hartford Financial Services have risen 7.3%. 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