The end of the technical rebound appears close for stocks in The Travelers Companies following the recovery of the past few days. Investors should open a short trade and target the $ 121.4.
The company returns high margins, thereby supporting business profitability.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Historically, the company has been releasing figures that are above expectations.
Stock prices approach a strong long-term resistance in weekly data at USD 134.9.
The technical configuration over the long term remains negative on the weekly chart below the resistance level at 134.9 USD
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