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Chubb Ltd Bearish Moving Average Crossover Alert (CB)

By Shiri Gupta

Chubb Ltd (NYSE:CB) crossed under its 10-day moving average of $132.01 on a volume of 260K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Chubb Ltd share prices have been bracketed by a low of $128.82 and a high of $157.50 and are now at $131.50, 2% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 0.11% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Chubb Ltd on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $144.27. Since that call, shares of Chubb Ltd have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses chubb ltd

Ticker(s): CB