Travelers (NYSE:TRV) shares have crossed bullishly above their 10-day moving average of $107.64 on a volume of 456K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Travelers (NYSE:TRV) is currently priced 0.6% above its average consensus analyst price target of $107.11. The stock should discover initial support at its 50-day moving average (MA) of $106.18 and subsequent support at its 200-day MA of $98.39.
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 share prices have moved between a 52-week high of $108.53 and a 52-week low of $82.32 and are now trading 31% above that low price at $107.76 per share. The 200-day and 50-day moving averages have moved 0.40% higher and 0.32% higher over the past week, respectively.