The Travelers (NYSE:TRV) initiated as Buy at Citigroup. The stock closed yesterday at $53.94 on volume of 4,259,691 shares, below average daily volume of 4,652,242.
Travelers is currently above its 50-day moving average of $50.40 and above its 200-day moving average of $47.71.
SmarTrend is bullish on shares of TRV and our subscribers received an Uptrend alert on February 17, 2010 at $51.55, which has returned 4.6% to date.
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Ticker(s): TRV