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Chubb Ltd Falls 1.90% 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 $124.29 to a high of $127.87. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $125.84 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Chubb Ltd has traded in a range of $123.96 to $157.50 and is now at $124.93, 1% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 0.35% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Chubb Ltd and will alert subscribers who have CB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders chubb ltd

Ticker(s): CB