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Travelers (TRV) Downgrade Alert, Watch for 16% Technical Uptrend Reversal

Travelers (NYSE:TRV) downgraded to Market Perform from Outperform at Keefe Bruyette. The stock closed yesterday at $48.66 on volume of 5,176,300 shares, below average daily volume of 5,335,232.

Travelers is currently above its 50-day moving average of $48.25 and above its 200-day moving average of $42.34.

SmarTrend is bullish on shares of TRV and our subscribers received an Uptrend alert on July 23, 2009 at $41.96, which has returned 16% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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Related terms: market, nyse, securities

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