Recent 52-Week High Exceeded in Shares of Travelers (TRV)
Travelers (NYSE:TRV) traded today at a new 52-week high of $81.10. So far today approximately 789,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.
In the past 52 weeks, Travelers share prices have been bracketed by a low of $55.86 and a high of $81.10 and are now at $80.94, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.
Travelers has overhead space with shares priced $80.94, or 2.7% below the average consensus analyst price target of $83.18. The stock should find initial support at its 50-day moving average (MA) of $76.01 and further support at its 200-day MA of $68.53.
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 December 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.09. Since that recommendation, shares of Travelers have risen 10.0%. 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