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SmarTrend Watching for Potential Pullback in Shares of Travelers Cos In After 1.13% Gain

By Shiri Gupta

Travelers Cos In (NYSE:TRV) traded in a range yesterday that spanned from a low of $133.67 to a high of $134.57. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $133.87 on volume of 965,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Travelers Cos In has traded in a range of $111.08 to $143.25 and is now at $134.18, 21% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

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 10.5%. We continue to monitor TRV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders travelers cos in

Ticker(s): TRV