Travelers Set to Possibly Rebound After Yesterday's Selloff of 4.01%
Travelers (NYSE:TRV) traded in a range yesterday that spanned from a low of $110.17 to a high of $113.51. Yesterday, the shares fell 4.0%, which took the trading range below the 3-day low of $114.72 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, shares of Travelers have traded between a low of $95.21 and a high of $119.32 and are now at $111.25, which is 17% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Travelers. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Travelers in search of a potential trend change.
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