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Travelers Bearish Moving Average Crossover Alert (TRV)

Published on Mon, 02/04/2013 - 12:10
By Mallory Stone

Today, shares of Travelers (NYSE:TRV) have fallen below their 10-day MA of $78.10 on a volume of 1.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

The Travelers Companies, Inc. provides commercial property casualty insurance and asset management services to businesses, government units, associations and individuals. The Company underwrites homeowners and auto insurance through independent agents.

Travelers has overhead space with shares priced $77.92, or 4.8% below the average consensus analyst price target of $81.89. The stock should discover initial support at its 50-day moving average (MA) of $73.88 and subsequent support at its 200-day MA of $67.46.

In the past 52 weeks, shares of Travelers have traded between a low of $55.86 and a high of $80.44 and are now at $77.92, which is 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.7%.

By Mallory Stone
mstone@fnno.com