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Recent 52-Week High Exceeded in Shares of Travelers (TRV)

By Nick Russo

Travelers (NYSE:TRV) traded at a new 52-week high today of $91.23. Approximately 243,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.

Travelers share prices have moved between a 52-week high of $91.23 and a 52-week low of $69.80 and are now trading 30% above that low price at $90.86 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

Travelers has overhead space with shares priced $90.86, or 1.1% below the average consensus analyst price target of $91.86. The stock should find initial support at its 50-day moving average (MA) of $86.37 and further support at its 200-day MA of $83.71.

The Travelers Companies, Inc. provides commercial property casualty insurance and asset management services to businesses, government units, associations and individuals. The Company underwrites homeowners and auto insurance through independent agents.

SmarTrend recommended that subscribers consider buying shares of Travelers on October 16th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.67. Since that recommendation, shares of Travelers have risen 6.0%. We continue to monitor TRV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Travelers

Ticker(s): TRV