NEW BULLISH Plays
Hartford Financial Services Group - HIG - close: 24.63 chg: +0.24
Stop Loss: 23.75
Current Gain/Loss: unopened
Entry on January -- at $--.--
Listed on January 22, 2012
Time Frame: exit PRIOR to earnings on Feb. 4th
Average Daily Volume = 4.6 million
New Positions: Yes, see below
Why We Like It:
HIG has garnered a lot of bullish analyst recommendations as the company focuses on its property and casualty insurance business. Shares of HIG have broken through several layers of resistance. Now after about two weeks of consolidating sideways the stock is on the move higher again.
There is short-term resistance near $24.70. I am suggesting a trigger to open bullish positions at $24.80. More conservative traders could wait for a close above potential round-number resistance at $25.00 as an alternative entry point.
We only have a couple of weeks for this trade to work as we do not want to hold over the Feb. 4th earnings report.
Trigger @ 24.80
Suggested Position: buy HIG stock @ (trigger)