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Watch for Shares of Cincinnati Fin (CINF) to Approach Support at $69.05

By Nick Russo

Shares of Cincinnati Fin (NASDAQ:CINF) opened today below their pivot of $69.83 and have already reached the first level of support at $69.34. Investors may be interested in a cross of the next downside pivot targets of $69.05 and $68.27.

In the past 52 weeks, Cincinnati Fin share prices have been bracketed by a current low of $0.00 and a high of $81.98 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.2%.

Potential upside of 0.0% exists for Cincinnati Fin, based on a current level of $0.00 and analysts' average consensus price target of $76.20. The stock should run into initial resistance at its 50-day moving average (MA) of $69.57 and subsequent resistance at its 200-day MA of $73.28.

SmarTrend is tracking the current trend status for Cincinnati Fin and will alert subscribers who have CINF in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts cincinnati fin

Ticker(s): CINF