Big movement expected on Travelers Cos Inc. after a breach of the support

Travelers Cos Inc. has broken through a support line of a Descending Triangle and suggests a possible movement to 137.25 within the next 22 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 13 days.