Hartford HIG Stock up 30% 12/05/08

Hartford Financial ( HIG ) is up over 30% in pre market today, 12/5/08, after the company has come out and boosted slashed earnings guidance. HIG stock is up 30.40% to $9.33. If HIG breaks $10 today, you could see $13 in the coming weeks, that is where next resistance is at, but you will need the stock market's to cooperate. I will use a tight stop at $10 if I buy over $10.

Company increases 2008 guidance range to $4.70 to $4.90

Operating businesses continue to perform well in challenging environment, reflecting strong underwriting in P&C Operations and sharpening of focus in Life Operations

Year-end capital outlook for company's Life and Property and Casualty Operations remains strong

Full Article HERE

At its investor meeting today, The Hartford Financial Services Group, Inc. (NYSE: HIG), will discuss the company's operating businesses, financial strength, capital position and investment portfolio, among other items. The event will take place from 9 a.m. to noon EST today and a live audiocast and accompanying slides will be available at http://ir.thehartford.com/.

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free