Travelers (NYSE:TRV): Potential Topping Tail

Short

The Travelers Companies, Inc. (NYSE:TRV)

NYSE:TRV The Travelers Companies, Inc.

Travelers Companies Inc (NYSE:TRV) is pulling back off the highs of the day and could be putting in a top. The signal is a topping tail which is a bearish sign for Travelers. Please note, this must close the day as a topping tail to be fully formed. At 4PM check this chart again. If a topping tail exists, downside is extremely likely. The fall would find first support at $99.85.

Gareth Soloway
Chief Market Strategist

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