CFD Trading – Sell Travelers Co Inc. (TRV.NYS) @ $174.20. Stop @ $179.10 and Target @ $166.20.

Travelers Co Inc. Stock Code TRV.NYS

Outlook

Price was unable to move above the cloud during a price rally and in the previous trading session, price closed below the cloud, changing the chart outlook to bearish. Lagging Span is below price of 26 days ago but is inside the cloud at the moment.  MACD is bearish and hinting at a bearish price trend. If price stays below the cloud, it could be heading towards the previous low at $166.19.

Strategy                  

$174.20              Sell

$166.20              Price Target

$179.10              Risk Management Stop

3 weeks              Trade Duration

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