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Travelers Cos In: 52-Week High Recently Eclipsed (TRV)

By Shiri Gupta

Shares of Travelers Cos In (NYSE:TRV) traded at a new 52-week high today of $130.36. Approximately 167,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.

The Travelers Companies, Inc. provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals.

Travelers Cos In (NYSE:TRV) is currently priced 4.3% above its average consensus analyst price target of $124.00. The stock should discover initial support at its 50-day moving average (MA) of $113.19 and subsequent support at its 200-day MA of $108.64.

Travelers Cos In share prices have moved between a 52-week high of $130.36 and a 52-week low of $103.45 and are now trading 25% above that low price at $129.61 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Travelers Cos In on May 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $123.16. Since that recommendation, shares of Travelers Cos In have risen 5.3%. 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 cos in

Ticker(s): TRV