Big movement expected on Travelers Cos Inc. after a breach of 134.94

Travelers Cos Inc. has broken through a line of 134.94 and suggests a possible movement to 133.15 within the next 3 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 45 days.