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After Yesterday's Decline of 3.28%, Chubb Ltd Offers Investors Better Value

By Amy Schwartz

Chubb Ltd (NYSE:CB) traded in a range yesterday that spanned from a low of $153.62 to a high of $157.98. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $155.81 on volume of 819,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Chubb Ltd share prices have been bracketed by a low of $119.54 and a high of $160.23 and are now at $153.82, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.

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 23.4%. We continue to monitor CB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders chubb ltd

Ticker(s): CB