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Here’s How I’m Trading Travelers

Published 04/26/2018, 11:19 AM
Updated 05/14/2017, 06:45 AM

The Travelers Companies (NYSE:TRV) is a large holding company that covers property and casualty insurance to businesses, government units and individuals. Last week, TRV's stock fell sharply after reporting earnings. Today, the stock is trading down 0.18 to $128.14 a share and is hovering just below its important 200-day moving average.

Watch This Support

This pattern formation is indicating further downside in the near term for the stock's price. Traders should now watch $128 as the next major level of support the insurance giant. This support area is where the stock broke out in October 2017. Remember that prior breakout levels often form major support when retested.
The Travelers Companies

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