The Traderszone Network

Published in TZ Latest News 3 May, 2017 by The TZ Newswire Staff

Hartford Surges off Support with 7-day Move

Hartford (HIG) is a big insurance concern and part of the Insurance SPDR (KIE), which is one of the best performing industry group ETFs over the last six months. The stock surged from late August to mid November and continued higher at a slower pace from January to March, hitting a 52-week high in mid March. Notice that the stock established support in the 46-47 area over the last five months and surged off support with an advance the last seven days (and counting). It may seem short-term overbought, but this surge off support shows strong and sustained buying pressure.

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