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Look for Shares of Hartford Financial Services to Potentially Pullback after Yesterday's 2.73% Rise

By James Quinn

Hartford Financial Services (NYSE:HIG) traded in a range yesterday that spanned from a low of $43.56 to a high of $44.67. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $43.91 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Hartford Financial Services has traded in a range of $36.54 to $50.95 and is now at $44.55, 22% 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%.

Keywords: rebounders Hartford Financial Services

Ticker(s): HIG