When Hartford Financial ($HIG) Moves Investors should Listen
November 04, 2023, 21:30 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HIG
- Buy HIG slightly over 70.63 target 74.42 stop loss @ 70.43 Details
The technical summary data tells us to buy HIG near 70.63 with an upside target of 74.42. This data also tells us to set a stop loss @ 70.43 to protect against excessive loss in case the stock begins to move against the trade. 70.63 is the first level of support below 74.13 , and by rule, any test of support is a buy signal. In this case, support 70.63 is being tested, a buy signal would exist.
- Short HIG slightly under 74.42, target 70.63, stop loss @ 74.63 Details
The technical summary data is suggesting a short of HIG as it gets near 74.42 with a downside target of 70.63. We should have a stop loss in place at 74.63though. 74.42 is the first level of resistance above 74.13, and by rule, any test of resistance is a short signal. In this case, if resistance 74.42 is being tested, a short signal would exist.
Swing Trading Plans for HIG
- Buy HIG slightly over 74.42, target n/a, Stop Loss @ 74.21 Details
If 74.42 begins to break higher, the technical summary data tells us to buy HIG just slightly over 74.42, with an upside target of n/a. The data also tells us to set a stop loss @ 74.21 in case the stock turns against the trade. 74.42 is the first level of resistance above 74.13, and by rule, any break above resistance is a buy signal. In this case, 74.42, 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 74.42, target 74.08, Stop Loss @ 74.63. Details
The technical summary data is suggesting a short of HIG if it tests 74.42 with a downside target of 74.08. We should have a stop loss in place at 74.63 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, 74.42, 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 74.42, target 74.76, Stop Loss @ 74.25 Details
If 74.42 begins to break higher, the technical summary data tells us to buy HIG just slightly over 74.42, with an upside target of 74.76. The data also tells us to set a stop loss @ 74.25 in case the stock turns against the trade. 74.42 is the first level of resistance above 74.13, and by rule, any break above resistance is a buy signal. In this case, 74.42, 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 74.42, target 74.08, Stop Loss @ 74.59. Details
The technical summary data is suggesting a short of HIG if it tests 74.42 with a downside target of 74.08. We should have a stop loss in place at 74.59 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, 74.42, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Hartford Financial (HIG) available here: HIG.
HIG Ratings for November 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
66.54 |
| P2 |
73.48 |
71.33 |
70.63 |
| P3 |
74.76 |
74.08 |
74.42 |
AI Generated Signals for HIG
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Hartford Financial (NYSE: HIG) report below is a real world example. Included are trading plans for HIG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HIG:
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