When the Price of Hartford Financial $HIG Talks, People Listen
May 24, 2023, 22:30 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HIG
- Buy HIG slightly over 67.94 target 73.90 stop loss @ 67.74 Details
The technical summary data tells us to buy HIG near 67.94 with an upside target of 73.90. This data also tells us to set a stop loss @ 67.74 to protect against excessive loss in case the stock begins to move against the trade. 67.94 is the first level of support below 69.74 , and by rule, any test of support is a buy signal. In this case, support 67.94 would be being tested, so a buy signal would exist.
- Short HIG slightly under 73.90, target 67.94, stop loss @ 74.11 Details
The technical summary data is suggesting a short of HIG as it gets near 73.90 with a downside target of 67.94. We should have a stop loss in place at 74.11though. 73.90 is the first level of resistance above 69.74, and by rule, any test of resistance is a short signal. In this case, if resistance 73.90 is being tested, so a short signal would exist.
Swing Trading Plans for HIG
- Buy HIG slightly over 70.10, target 71.73, Stop Loss @ 69.9 Details
If 70.10 begins to break higher, the technical summary data tells us to buy HIG just slightly over 70.10, with an upside target of 71.73. The data also tells us to set a stop loss @ 69.9 in case the stock turns against the trade. 70.10 is the first level of resistance above 69.74, and by rule, any break above resistance is a buy signal. In this case, 70.10, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HIG slightly near 70.10, target 67.94, Stop Loss @ 70.3. Details
The technical summary data is suggesting a short of HIG if it tests 70.10 with a downside target of 67.94. We should have a stop loss in place at 70.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 70.10, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for HIG
- Buy HIG slightly over 70.10, target 71.15, Stop Loss @ 69.94 Details
If 70.10 begins to break higher, the technical summary data tells us to buy HIG just slightly over 70.10, with an upside target of 71.15. The data also tells us to set a stop loss @ 69.94 in case the stock turns against the trade. 70.10 is the first level of resistance above 69.74, and by rule, any break above resistance is a buy signal. In this case, 70.10, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HIG slightly near 70.10, target 67.94, Stop Loss @ 70.26. Details
The technical summary data is suggesting a short of HIG if it tests 70.10 with a downside target of 67.94. We should have a stop loss in place at 70.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 70.10, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
This is a snapshot. Real Time Updates are available on our HIG Page.
HIG Ratings for May 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
67.94 |
| P2 |
69.96 |
70.10 |
73.90 |
| P3 |
71.15 |
71.73 |
79.65 |
Support and Resistance Plot Chart for HIG
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Hartford Financial (NYSE: HIG) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for HIG can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HIG:
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