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Next Support Level for Hartford Financial Services (HIG) is $24.31
[February 06, 2013]

Next Support Level for Hartford Financial Services (HIG) is $24.31

Feb 06, 2013 (SmarTrend(R) News Watch via COMTEX) -- Hartford Financial Services (NYSE:HIG) has opened bearishly below the pivot of $24.74 today and has reached the first level of support at $24.51. Investors may be interested in a cross of the next downside pivot targets of $24.31 and $23.88.

Hartford Financial Services (NYSE:HIG) has potential upside of 11.1% based on a current price of $24.42 and analysts' consensus price target of $27.12. The stock should discover initial support at its 50-day moving average (MA) of $23.02 and subsequent support at its 200-day MA of $19.79.

Hartford Financial Services share prices have moved between a 52-week high of $25.37 and a 52-week low of $15.65 and are now trading 56% above that low price at $24.42 per share. The 200-day and 50-day moving averages have moved 0.34% higher and 0.99% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Hartford Financial Services on December 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.80. Since that recommendation, shares of Hartford Financial Services have risen 11.9%. We continue to monitor HIG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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