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Look for Shares of Travelers Cos In to Potentially Rebound after Yesterday's 1.54% Sell Off

By Nick Russo

Travelers Cos In (NYSE:TRV) traded in a range yesterday that spanned from a low of $125.21 to a high of $128.00. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $128.01 on volume of 764,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Travelers Cos In has traded in a range of $120.74 to $150.55 and is now at $125.48, 4% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Travelers Cos In and will alert subscribers who have TRV in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders travelers cos in

Ticker(s): TRV