The Chart of the Day belongs to ACE Ltd. (ACE). I found the stock by sorting the All Time High list for the stocks having the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/24 the stock gained 8.58%.
ACE LTD. provides excess liability insurance for bodily injury, property damage, & wrongful advertising. ACE offers excess liability insurance for corporate directors and officers against wrongful acts and claims and satellite insurance for launch and in-orbit operations.
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.
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 5.04% in the last month
- Relative Strength Index 81.43%
- Barchart computes a technical support level at 114.90
- Recent traded at 116.07 with a 50 day moving average of 108.97
Fundamental factors:
- Market Cap $38.56 billion
- P/E 11.90
- Dividend yield 2.25%
- Revenue expected to increase 4.80% this year and another 3.70% next year
- Earnings estimated to compound annually at the rate of 5.13% for the next 5 years
- Wall Street analysts issued 4 strong buy, 12 buy and 9 hold recommendations on the stock
There hasn't been a consistently accurate technical trading strategy for this stock so I would use a 10% off the most recent high as an exit point.
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