The daily chart of Travelers Cos Inc. shows a medium term
rising trend that started in early October 2011.
The Elliott Wave analysis reveals the development of a
primary third impulsive wave (III). Breaking down the waves, the count shows
the fifth wave of the third wave in progress. The first target is in the
$65.77-$66.20 area, this being calculated using the wave projections.
In case of a wave iv continuation below the current support
at $62.10, the next target for wave iv will be in the $60 area.
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