The breakout of Travelers Cos Inc. through the 114.73 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Travelers Cos Inc. to test 111.04 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 114.73 numerous times, Travelers Cos Inc. has finally broken through. Can we expect a bearish trend to follow?
