Hartford Financial Services Group Inc (HIG): Price Now Near $66.17; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for HIG

Currently, HIG (Get Ratings)’s price is down $0 (-0.01%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Of note is that the 50 hour changed directions on HIG; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

HIG’s Technical Outlook on the Daily Chart

At the time of this writing, HIG’s price is up $0.12 (0.18%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Hartford Financial Services Group Inc’s price action over the past 90 days can be seen via the chart below.


For HIG News Traders

Investors and traders in HIG may be particularly interested in the following story that came out in the past day:

Chubb ‘Disappointed’ at Hartford Financial Buyout Rejection

Chubb says it is ‘disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination.’

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