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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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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