THG gaps up for short term opportunity

NYSE:THG   Hanover Insurance Group Inc
THG is not a great trending stock but yesterday's gap up on the daily chart offers a possible short term opportunity.

This stock may continue its general move to the upside but it is too erratic (at present) to trade with confidence for the long term. Price has dropped below the daily 200ma on several occasions recently, which prevents it being a good trend.

However, there is no reason that the bullish move shouldn't continues over the next few days. Beware that profits could be limited as there are the highs of 2000 ($74.25) and 1998 ($75.25) as possible resistances to contend with, as well as the figure 70.


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