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Chubb Ltd Falls 1.01% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Chubb Ltd (NYSE:CB) traded in a range yesterday that spanned from a low of $135.35 to a high of $136.40. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $137.03 on volume of 830,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Chubb Ltd have traded between a low of $123.96 and a high of $157.50 and are now at $135.57, which is 9% above that low price. The 200-day and 50-day moving averages have moved 0.22% lower and 0.35% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Chubb Ltd on July 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $130.45. Since that recommendation, shares of Chubb Ltd have risen 5.1%. 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