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

By James Quinn

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 $57.91 and $58.01 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.

Potential upside of 2.6% exists for Hartford Finl Sv, based on a current level of $57.93 and analysts' average consensus price target of $59.46. The stock should find initial support at its 50-day moving average (MA) of $54.68 and further support at its 200-day MA of $48.92.

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.

In the past 52 weeks, Hartford Finl Sv share prices have been bracketed by a low of $40.54 and a high of $58.19 and are now at $57.93, 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Hartford Finl Sv on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.97. Since that recommendation, shares of Hartford Finl Sv have risen 32.0%. We continue to monitor HIG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish inside day candle hartford finl sv

Ticker(s): HIG