Insurance Technology Industry News

TMCNet:  Upgrade Alert for Cincinnati Financial (CINF)

[December 10, 2012]

Upgrade Alert for Cincinnati Financial (CINF)

Dec 10, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Cincinnati Financial (NASDAQ:CINF) was upgraded from Underperform to Neutral at Macquarie today. The stock closed yesterday at $40.50 on volume of 674,000 shares, below average daily volume of 839,000. Over the past year, Cincinnati Financial has traded in a range of $29.04 to $40.77 and closed yesterday at $40.50, 39% above that low. The 200-day and 50-day moving averages have moved 0.31% higher and 0.02% higher over the past week, respectively.

Cincinnati Financial (NASDAQ:CINF) is currently priced 0.8% above its average consensus analyst price target of $40.17. The stock should find initial support at its 50-day moving average (MA) of $38.95 and further support at its 200-day MA of $36.63.

Cincinnati Financial Corporation, through its subsidiaries, offers property and casualty and life insurance. The Company markets a variety of insurance products, provides leasing and financing, and provides investment management services to institutions, corporations, and individuals.

SmarTrend is tracking the current trend status for Cincinnati Financial and will alert subscribers who have CINF in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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