C = Catalyst for a Stock’s Movement
Travelers is a holding company that provides a range of commercial and personal property insurance and casualty insurance products and services to individuals and businesses. Commercial and personal properties have been seeing increasing demand since the financial crisis. As commercial and personal property purchases are on the rise, look for companies like Travelers to be well-positioned to provide proper insurance products.
T = Technicals on the Stock Chart are Strong
Travelers is one of the few financial stocks that continues to defy gravity and keep making all-time highs. Since its initial public offering, the stock has been in an uptrend consisting of higher highs and higher lows, although it has seen its fair share of volatility. Currently, Travelers stock is trading at all-time highs with no selling pressure in sight…