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Possible Bullish Inside Day Candle Pattern Detected for Hartford Finl Sv (NYSE:HIG)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Hartford Finl Sv (NYSE:HIG) based on the price action in the company's shares. Yesterday's price range of $34.03 and $35.30 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Hartford Finl Sv may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

In the past 52 weeks, shares of Hartford Finl Sv have traded between a low of $19.04 and a high of $62.75 and closed yesterday at $34.91, which is 83% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 4.2%.

Potential upside of 70.3% exists for Hartford Finl Sv, based on a current level of $34.91 and analysts' average consensus price target of $59.46. The stock should run into initial resistance at its 50-day moving average (MA) of $38.89 and subsequent resistance at its 200-day MA of $54.32.

The Hartford Financial Services Group, Inc. provides a range of insurance products. The Company's products include property and casualty insurance, group benefits, and mutual funds. Hartford Financial Services Group operates in the United States.

SmarTrend is tracking the current trend status for Hartford Finl Sv and will alert subscribers who have HIG in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle hartford finl sv

Ticker(s): HIG