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After Yesterday's Rally of 1.61% Shares Could Potentially Pullback

By Shiri Gupta

Hartford Finl Sv (NYSE:HIG) traded in a range yesterday that spanned from a low of $46.69 to a high of $48.00. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $47.15 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Hartford Finl Sv share prices have moved between a 52-week high of $58.25 and a 52-week low of $40.54 and are now trading 18% above that low price at $47.92 per share. 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 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 7.3%. We continue to monitor HIG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders hartford finl sv

Ticker(s): HIG