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Look for Shares of Hartford Financial Services to Potentially Pullback after Yesterday's 1.13% Rise

By James Quinn

Hartford Financial Services (NYSE:HIG) traded in a range yesterday that spanned from a low of $39.96 to a high of $40.40. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $40.37 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.

In the past 52 weeks, shares of Hartford Financial Services have traded between a low of $36.54 and a high of $50.95 and are now at $40.36, which is 10% above that low price. The 200-day and 50-day moving averages have moved 0.1% lower and 0.44% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Hartford Financial Services on June 16th, 2016 by issuing a Downtrend alert when the shares were trading at $43.41. Since that call, shares of Hartford Financial Services have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Hartford Financial Services

Ticker(s): HIG