22.01.2015 - According to our estimates, the price of Travelers Companies will continue to decline

The stock price of Travelers Companies reached the upper limit of the local descending channel and is likely to begin to decline in the near future, up to the target level of 102.50, after overcoming a fall which may continue to 96.00. For the continued growth, the price needs to gain a foothold above the level of 107.30. We expect price decline in the medium term and recommend to open short positions with a stop above 108.00.

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