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Chubb Ltd Set to Possibly Rebound After Yesterday's Selloff of 1.01%

By James Quinn

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.

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.

In the past 52 weeks, Chubb Ltd share prices have been bracketed by a low of $123.96 and a high of $157.50 and are now at $135.57, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.

Keywords: rebounders chubb ltd

Ticker(s): CB