The breakout of Travelers Cos Inc. through the 174.99 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 170.21 within the next 20 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 174.99 numerous times, Travelers Cos Inc. has finally broken through. Can we expect a bearish trend to follow?
