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Travelers: Potential Topping Tail

Discussion in 'Technical Analysis' started by inthemoneystocks, Nov 11, 2014.

  1. inthemoneystocks

    inthemoneystocks New Member

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    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
    InTheMoneyStocks
     
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