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Chubb Ltd: The Winning Streak Continues (CB)

By Shiri Gupta

Chubb Ltd (NYSE:CB) traded today at a new 52-week high of $152.10. This new high was reached on below average trading volume as 210,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Chubb Ltd (NYSE:CB) has potential upside of 5.3% based on a current price of $152.10 and analysts' consensus price target of $160.13. The stock should find initial support at its 50-day moving average (MA) of $147.46 and further support at its 200-day MA of $136.23.

Chubb Limited operates as a property and casualty insurance company. The Company provides commercial and personal property, casualty, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients.

Over the past year, Chubb Ltd has traded in a range of $119.54 to $152.10 and is now at $152.10, 27% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Chubb Ltd on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $128.71. Since that recommendation, shares of Chubb Ltd have risen 17.6%. We continue to monitor CB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows chubb ltd

Ticker(s): CB