Watch for Shares of Hartford Financial Services (HIG) to Approach Resistance at $23.88

Published on Wed, 02/27/2013 - 13:41
By Adrienne Chilton in Pivot alerts, HIG, hartford financial services, nyse:hig, pivot alerts

Hartford Financial Services (NYSE:HIG) has opened bullishly above the pivot of $23.13 today and has reached the first level of resistance at $23.61. Analysts will be watching for a cross of the next upside pivot targets of $23.88 and $24.63.

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 51% above that low price at $23.66 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

The Hartford Financial Services Group, Inc. provides a range of insurance products. The Company's products include property and casualty insurance, annuities, life insurance, investment services, and group insurance. Hartford Financial operates around the world.

Hartford Financial Services (NYSE:HIG) has potential upside of 18.4% based on a current price of $23.66 and analysts' consensus price target of $28.00. The stock should find resistance at its 50-day moving average (MA) of $23.79, as well as support at its 200-day MA of $20.06.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Shares of Zimmer (NYSE:ZMH) traded today at $81.72, breaking its 52-week high. This ne ...

Watch for Continued Gains in Shares of Y...

Shares of Yingli Green Energy (NYSE:YGE) traded at a new 52-week high today of $4.83. ...

Shares of Crosstex Energy Have Risen Abo...

Shares of Crosstex Energy (NASDAQ:XTEX) traded today at $21.15, breaking its 52-week hi ...

Recent 52-Week High Exceeded in Shares o...

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded at a new 52-week hi ...

Shares of Weatherford International Have...

Weatherford International (NYSE:WFT) traded today at a new 52-week high of $14.46. Thi ...

Waste Connections: 52-Week High Recently...

Waste Connections (NYSE:WCN) traded today at a new 52-week high of $40.70. So far toda ...

Shares of USANA Health Sciences Rise Abo...

Shares of USANA Health Sciences (NYSE:USNA) traded at a new 52-week high today of $68.9 ...

Shares of Umpqua Holdings Rise Above Pre...

Umpqua Holdings (NASDAQ:UMPQ) traded today at a new 52-week high of $13.91. Approximat ...