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SmarTrend Watching for Potential Rebound in Shares of Hartford Financial Services After 1.16% Loss

By Shiri Gupta

Hartford Financial Services (NYSE:HIG) traded in a range yesterday that spanned from a low of $42.47 to a high of $42.97. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $42.88 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Hartford Financial Services has traded in a range of $36.54 to $50.95 and is now at $42.60, 17% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

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.

Keywords: rebounders Hartford Financial Services

Ticker(s): HIG