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SmarTrend Watching for Potential Pullback in Shares of Cincinnati Fin After 1.33% Gain

By James Quinn

Cincinnati Fin (NASDAQ:CINF) traded in a range yesterday that spanned from a low of $97.66 to a high of $98.08. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $97.46 on volume of 317,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Cincinnati Fin share prices have moved between a 52-week high of $98.08 and a 52-week low of $66.33 and are now trading 48% above that low price at $98.08 per share. The 200-day and 50-day moving averages have moved 0.56% higher and 0.93% 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 22.1%. 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