Travelers (TRV) NewsBite - TRV Hits New 52 Week High In Wake Of Last Month's Earnings

Posted: Friday, November 06, 2009 1:08 PM EDT

Travelers (NYSE: TRV) hit a new 52-Week high of $52.22 so far today. Currently the stock is up $1.19 (2.35%) to $51.83 on 2,921,457 shares traded. Today's high is up $18.76 from a 52-Week Low of $33.07. Travelers stock has been showing support around $49.64 and resistance in the $51.48 range. Technical indicators for the stock are bullish and S&P gives TRV a positive 5 STARS (out of 5) strong buy ranking. The stock is trading up sharply today and set a new 52 week high earlier in the session. The stock continues to benefit from last month's better than expected earnings. If you are looking for a hedged play on TRV the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]

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