The Dow’s Smallest Member Has Pulled Back to a Trend Line

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Travelers (TRV) doesn’t get much attention, but maybe it should.

The insurance stock trended steadily upward since October. It made a new all-time high above $160 last week when Chubb (CB) bid for Hartford Financial (HIG). TRV quickly pulled back, creating a potential opportunity for buyers.

Notice the trend line running along the lows of late October and early February. Price held that support yesterday. The 50-day moving average is almost in exactly the same place.

For more, please click here to view the related idea and chart analysis on TradingView.

Travelers (TRV), daily chart, with key patterns, courtesy of TradingView.
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