Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: Chubb - CB

Tuesday, May 8, 2012

Chubb - CB - Barchart Chart of the Day

Barchart.coms Chart of the Day - Chubb Corp. (CB)

Barchart Research Team - BC - Mon May 07, 5:56PM CDT

Related Stocks

CB - Chubb Corp.

Sym	Last	Chg	Pct
CB	74.28	+0.89	+1.21%

The "Chart of the Day" is Chubb Corp. (CB), which showed up on Monday's Barchart "All Time High" list. Chubb on Monday posted a new all-time high of $74.40 and closed +1.21%. TrendSpotter has been Long since April 2 at $69.80. In recent news on the stock, Bernstein on May 1 upgraded Chubb to Market Perform from Underperform and raised the target to $71 from $58, citing improving industry pricing and valuation. Chubb on April 19 reported Q1 EPS of $1.70 versus the consensus of $1.52. Evercore on April 17 downgraded Chubb to Equal Weight from Overweight on valuation and slower industry growth. Chubb Corp, with a market cap of $20 billion, is principally engaged in the property and casualty insurance business.

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

TrendSpotter: Buy
Short-Term Indicators: 80% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 96% Buy