• Return to Headlines

Look for Shares of Chubb Ltd to Potentially Rebound after Yesterday's 3.28% Sell Off

By David Diaz

Chubb Ltd (NYSE:CB) traded in a range yesterday that spanned from a low of $153.62 to a high of $157.98. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $155.81 on volume of 819,000 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 January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $128.71. Since that recommendation, shares of Chubb Ltd have risen 23.4%. We continue to monitor CB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Chubb Ltd share prices have moved between a 52-week high of $160.23 and a 52-week low of $119.54 and are now trading 29% above that low price at $153.82 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

Keywords: rebounders chubb ltd

Ticker(s): CB