The breakout of Travelers Cos Inc. through the 166.81 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Travelers Cos Inc. could test 161.89 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 166.81 numerous times, Travelers Cos Inc. has finally broken through. Can we expect a bearish trend to follow?
