Travelers (NYSE:TRV) traded at a new 52-week high today of $82.14. This new high was reached on below average trading volume as 909,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.
Potential upside of 1.8% exists for Travelers, based on a current level of $81.96 and analysts' average consensus price target of $83.41. The stock should find initial support at its 50-day moving average (MA) of $78.01 and further support at its 200-day MA of $69.64.
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 $82.14 and a 52-week low of $57.49 and are now trading 43% above that low price at $81.96 per share. The 200-day and 50-day moving averages have moved 0.41% higher and 0.74% higher over the past week, respectively.
