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Chubb Ltd Falls 1.97% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Chubb Ltd (NYSE:CB) traded in a range yesterday that spanned from a low of $130.11 to a high of $132.75. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $131.77 on volume of 656,000 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 $128.82 and a high of $157.50 and are now at $130.19, which is 1% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Chubb Ltd on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $144.27. Since that call, shares of Chubb Ltd have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders chubb ltd

Ticker(s): CB