A key Rectangle has formed on HIG. Analyze the breakout level now.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
A clear signal has emerged for Hartford (The) (HIG) on the daily chart. The stock is trading at $136.4, down 0.21% on the day. Price action has carved out a classic Ascending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $141.61, targeting $152.14 with support near $131.08 (R:R 1.0).
What is your outlook on HIG?