Here's Why Travelers (TRV) Looks Ripe for Bottom Fishing
TRVTravelers(TRV) ZACKS·2024-11-06 23:55

The price trend for Travelers (TRV) has been bearish lately and the stock has lost 5.6% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analyst ...