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SmarTrend Watching for Potential Pullback in Shares of Cincinnati Fin After 1.22% Gain

By Shiri Gupta

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.

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.

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. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.4%.

Keywords: rebounders cincinnati fin

Ticker(s): CINF