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Watch for Continued Gains in Shares of Chubb (CB)

By Shiri Gupta

Shares of Chubb (NYSE:CB) traded today at $148.00, breaking its 52-week high. This new high was reached on below average trading volume as 129,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

Chubb (NYSE:CB) is currently priced 4.0% above its average consensus analyst price target of $142.06. The stock should discover initial support at its 200-day moving average (MA) of $122.87 and subsequent support at its 50-day MA of $119.18.

In the past 52 weeks, shares of Chubb have traded between a low of $94.35 and a high of $148.00 and are now at $147.92, which is 57% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

The Chubb Corporation, a holding company, offers property and casualty insurance, which includes personal, standard commercial and specialty commercial insurance. The Company provides insurance coverage principally in the United States, Canada, Europe, Australia, and parts of Latin America and Asia.

SmarTrend recommended that subscribers consider buying shares of Chubb on April 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $122.47. Since that recommendation, shares of Chubb have risen 20.5%. 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

Ticker(s): CB