Is Travelers Going Places?
Travelers doesn’t get much attention, but maybe it should.
The insurance stock trended steadily upward since October. It made a new all-time high above $160 last week when Chubb bid for Hartford. TRV quickly pulled back, creating a potential opportunity for buyers.
Notice the trend line running along the lows of late October and early February. Price held that support yesterday. The 50-day simple moving average (SMA) is almost in exactly the same place.
Next, consider the recent relative strength in the Dow Jones Industrial Average. It’s up nearly 4 percent in the last month, quadruple the gain of the S&P 500. TRV is the smallest member of the Dow, weighing in a just $37 billion. (That’s less than two-thirds of the Nasdaq-100.)
Its parent bucket, financials, is also the second-best performing sector this year. (Energy is No. 1.)
Finally, TRV falls under the “value” umbrella thanks to its trailing P/E ratio of just 14x.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
The insurance stock trended steadily upward since October. It made a new all-time high above $160 last week when Chubb bid for Hartford. TRV quickly pulled back, creating a potential opportunity for buyers.
Notice the trend line running along the lows of late October and early February. Price held that support yesterday. The 50-day simple moving average (SMA) is almost in exactly the same place.
Next, consider the recent relative strength in the Dow Jones Industrial Average. It’s up nearly 4 percent in the last month, quadruple the gain of the S&P 500. TRV is the smallest member of the Dow, weighing in a just $37 billion. (That’s less than two-thirds of the Nasdaq-100.)
Its parent bucket, financials, is also the second-best performing sector this year. (Energy is No. 1.)
Finally, TRV falls under the “value” umbrella thanks to its trailing P/E ratio of just 14x.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.