Travelers moves in the descending channel

21 July 2022 103
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Travelers stock price continues its bearish trend now within the descending channel. The price is currently near the lower boundary of the channel. The DeMarker indicator has formed a bullish divergence, which may help Travelers stock price to grow.

However, Travelers will release Q2 2022 earnings report today, July 21. A report that that meets or exceeds the market consensus estimate could allow Travelers stock price to rise toward the upper boundary of the channel. Otherwise, we could probably see a channel break down. 

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