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Possible Bearish Inside Day Candle Pattern Detected for Hartford Finl Sv (NYSE:HIG)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Hartford Finl Sv (NYSE:HIG) based on the price action in the company's shares. Today's price range of $53.61 and $53.61 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Hartford Finl Sv may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

The Hartford Financial Services Group, Inc. provides a range of insurance products. The Company's products include property and casualty insurance, group benefits and mutual funds. Hartford Financial is based and operates in the U.S.

Potential upside of 10.9% exists for Hartford Finl Sv, based on a current level of $53.61 and analysts' average consensus price target of $59.46. Hartford Finl Sv shares have support at the 50-day moving average (MA) of $50.58 and additional support at the 200-day MA of $48.06.

In the past 52 weeks, Hartford Finl Sv share prices have been bracketed by a low of $40.54 and a high of $54.05 and are now at $53.61, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Hartford Finl Sv and will alert subscribers who have HIG in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle hartford finl sv

Ticker(s): HIG