More Pain to Come for Insurers

By T3 Live
26 May 2009 @ 10:01 am EDT

Today's "Master the Trade" setup is to short Hartford Insurance Group, symbol HIG. This stock has made a lower high and looks ready to retreat from its upper range, as resistance has developed around the $16 area. Keep an eye on this stock, as well as the other insurers including PRU and MET, as they all have the potential to retrace a significant portion of recent gains.

For video analysis and a breakdown of the chart, please visit www.t3live.com

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