Recent 52-Week High Exceeded in Shares of Travelers (TRV)
Shares of Travelers (NYSE:TRV) traded at a new 52-week high today of $100.17. This new high was reached on below average trading volume as 471,000 shares traded hands, while the average 30-day volume is approximately 2.5 million shares.
Travelers (NYSE:TRV) is currently priced 2.2% above its average consensus analyst price target of $97.50. The stock should find initial support at its 50-day moving average (MA) of $94.18 and further support at its 200-day MA of $90.14.
In the past 52 weeks, shares of Travelers have traded between a low of $79.89 and a high of $100.17 and are now at $99.71, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.40% higher over the past week, respectively.
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 August 21st, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.54. Since that recommendation, shares of Travelers have risen 6.6%. 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