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SmarTrend Watching for Potential Pullback in Shares of Chubb Ltd After 1.04% Gain

By James Quinn

Chubb Ltd (NYSE:CB) traded in a range yesterday that spanned from a low of $136.32 to a high of $137.69. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $136.54 on volume of 363,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $137.38, which is 11% 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 0.5%.

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