Not So Boring Now, Are They?
Insurance company stocks may not be the most exciting investments in the world. They tend to be slow-moving with low betas -- not the sort of stuff that keeps one up at night. But occasionally even the so-called boring stocks can provide some excitement, and that's the case right now. Three stocks in this sector are looking very interesting.
Travelers Cos. (TRV) looks like it could be on the verge of a breakout. I'd describe the stock's pattern as an ascending triangle, with the stock's 50-day moving average (blue) mirroring the diagonal trendline. Although I have heard this pattern referred to as a cup-and-handle, in this case the handle appears to be a little too deep to fit that description. Travelers stock is slowly working its way through resistance....362 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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