After Yesterday's Rally of 1.19% Shares Could Potentially Pullback
Chubb (NYSE:CB) traded in a range yesterday that spanned from a low of $122.90 to a high of $124.90. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $123.05 on volume of 600,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Chubb share prices have been bracketed by a low of $94.35 and a high of $134.49 and are now at $124.48, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.
SmarTrend is tracking the current trend status for Chubb and will alert subscribers who have CB in their portfolio or watchlist when shares have changed trend direction.
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