Valued at $66.2 billion, The Travelers Cos. (TRV) provides a wide variety of property and casualty insurance and surety products and services to businesses, organizations, and individuals. After the Trend Seeker issued a new “Buy” on Feb. 4, shares rose 4.1%, explains Jim Van Meerten, analyst at Barchart.
I found TRV using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a buy signal.
The Travelers Cos. (TRV)
Travelers scored an all-time high of $309.37 on Feb. 23. It has a Weighted Alpha of +22.1 and a 100% “Buy” opinion from Barchart. Its Relative Strength Index is at 69.5 and there’s a technical support level around $304.29.
Meanwhile, analysts followed by Barchart give the stock eight “Strong Buy,” one “Moderate Buy,” and 18 “Hold” opinions. Value Line rates the stock “Above Average” with price targets between $241 and $415.
