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Watch for Shares of Chubb Ltd (CB) to Approach Support at $134.67

By Nick Russo

Chubb Ltd (NYSE:CB) has opened bearishly below the pivot of $135.66 today and has reached the first level of support at $135.08. Analysts will be watching for a cross of the next downside pivot targets of $134.67 and $133.68.

Chubb Ltd (NYSE:CB) has potential upside of 18.2% based on a current price of $135.48 and analysts' consensus price target of $160.13. The stock should discover initial support at its 50-day moving average (MA) of $132.69 and subsequent support at its 200-day MA of $131.96.

In the past 52 weeks, shares of Chubb Ltd have traded between a low of $119.54 and a high of $142.03 and are now at $135.48, which is 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

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 5.4%. We continue to monitor CB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts chubb ltd

Ticker(s): CB