Insurance Technology Industry News

TMCNet:  Upgrade Alert for Chubb (CB)

[February 01, 2013]

Upgrade Alert for Chubb (CB)

Feb 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Chubb (NYSE:CB) was upgraded from Hold to Buy at Deutsche Bank today. The stock closed yesterday at $80.31 on volume of 2.0 million shares, above average daily volume of 1.3 million. Potential upside of 3.8% exists for Chubb, based on a current level of $80.31 and analysts' average consensus price target of $83.35. The stock should find initial support at its 50-day moving average (MA) of $77.43 and further support at its 200-day MA of $74.56.

Chubb share prices have moved between a 52-week high of $81.80 and a 52-week low of $66.65 and closed yesterday at 20% above that low price at $80.31 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

The Chubb Corporation, a holding company, offers property and casualty insurance, which includes personal, standard commercial and specialty commercial insurance. The Company provides insurance coverage principally in the United States, Canada, Europe, Australia, and parts of Latin America and Asia.

SmarTrend recommended that subscribers consider buying shares of Chubb on January 3rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.93. Since that recommendation, shares of Chubb have risen 4.4%. We continue to monitor CB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Insurance Technology Homepage's Homepage ]

FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!