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SmarTrend Watching for Potential Pullback in Shares of StanCorp Financial Group After 0.91% Gain (SFG)

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StanCorp financial Group (NYSE:SFG) traded in a range yesterday that spanned from a low of $43.57 to a high of $44.31. Yesterday, the shares gained 0.91%, which took the trading range above the 3-day high of $43.93 on volume of 242,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Shares of StanCorp financial Group are currently trading above their 50-day moving average (MA) of $41.56 and above their 200-day MA of $42.15. Look for the MA to provide support for a short-term pullback in the shares.

SmarTrend currently has shares of StanCorp Financial Group in an Uptrend and issued the Uptrend alert on October 04, 2010 at $38.66. The stock has risen 13.1% since the Uptrend alert was issued.

SmarTrend expects the share price to pullback toward the $43.93 support level. Afterwards, we expect it to move upward with its peers in the SmarTrend Accident, Life & health insurance industry.


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