• Return to Headlines

Watch for Continued Gains in Shares of Travelers Cos In (TRV)

By David Diaz

Shares of Travelers Cos In (NYSE:TRV) traded today at $155.04, breaking its 52-week high. This new high was reached on below average trading volume as 82,000 shares traded hands, while the average 30-day volume is approximately 1.2 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 7.7% above its average consensus analyst price target of $143.12. The stock should find initial support at its 50-day moving average (MA) of $148.80 and further support at its 200-day MA of $133.48.

In the past 52 weeks, shares of Travelers Cos In have traded between a low of $111.08 and a high of $155.04 and are now at $155.04, which is 40% above that low price. The 200-day and 50-day moving averages have moved 0.23% higher and 0.42% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Travelers Cos In on January 14th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.38. Since that recommendation, shares of Travelers Cos In have risen 28.6%. 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 cos in

Ticker(s): TRV