TRV: If You’re Long, Consider Locking In Some Profit

Travelers Companies, Inc. (TRV) has just banged against the upper boundary of a rising channel that began in August 2014. While any trend can potentially trend higher (or lower), if you’re long TRV this would be a great place to set a profit-protecting stop and/or exit part or even all of your position to protect your gains, especially if you entered anywhere near the bottom of the channel. Based on its history, I’d be looking for a major trend reversal here to carry it back down to the mid-line or bottom of the channel.

Leave a Reply

Your email address will not be published. Required fields are marked *