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.