Travelers Companies Inc (NYSE:TRV) is finally having a corrective move. The stock had an amazing move from $103.50 to $123.00 between November and December 2016. In Travelers' history, this percentage move in such a short time is unparalleled. As impressive a move as that was, the stock is now correcting sharply lower. As the stock collapses, smart investors are looking for the perfect entry price. The buy level that stands out is found by simply looking at the daily moving averages. The 50 and 200 moving averages are together at a price of $114.75. In addition, the Fibonacci 38.2% retrace is right above that. This gives the best investors and traders in the world a solid entry range of $115.00. I will be looking to buy here.
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Check out every trade I take on Verified Investing: verifiedinvesting.com/AnnabelleTrader