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After Yesterday's Rally of 1.22% Shares Could Potentially Pullback

By Nick Russo

Cincinnati Fin (NASDAQ:CINF) traded in a range yesterday that spanned from a low of $102.44 to a high of $102.95. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $102.24 on volume of 291,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Cincinnati Fin has traded in a range of $66.33 to $102.70 and is now at $102.70, 55% above that low. The 200-day and 50-day moving averages have moved 0.63% higher and 1.38% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cincinnati Fin on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.29. Since that recommendation, shares of Cincinnati Fin have risen 28.3%. We continue to monitor CINF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders cincinnati fin

Ticker(s): CINF