Profile image
By Anna Coulling (Reporter)
Contributor profile | More stories
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Chubb unlocking the trend

% of readers think this story is Fact. Add your two cents.

Chubb weekly chartFor longer term stock investors, Chubb is now one stock unlocking the bullish trend and likely to develop momentum as it does so for several reasons.

First this is yet another stock which has bucked the recent move lower in the primary indices, maintaining its price around the $144 area, and as such is likely to perform well, as the primary markets recover and pick up bullish sentiment once more. In addition, the recent weekly sideways price action has also developed a strong level of potential support in the $145 area with the stock now trading at $146.39 at time of writing.

Second and equally important, we are now moving firmly away from the volume point of control as shown with the yellow dashed line, and where the heaviest concentration of volume sits. Until recently, this was the fulcrum of the market where price had been in agreement. Now bullish sentiment prevails driving the price higher. Furthermore, once we approach $148 per share and beyond, volume on the histogram falls away which should allow the stock to drive through this area and on towards $156 and higher in the longer term.

Volume remains supportive and with only minor resistance ahead at $147.20, and with the trend monitor indicator remaining firmly blue, this stock looks set to continue higher. Last time around EPS of $2.54 comfortably beat market forecasts of $2.49 helping to provide further positive momentum for the stock.

By Anna Coulling

Charts from NinjaTrader, indicators from Quantum Trading



Source: https://www.annacoulling.com/stock-trader-tips/chubb-unlocking-the-trend/
Support BeforeitsNews by trying our natural health products! Join our affiliate program
Order by Phone at 888-809-8385 or online at www.mitocopper.com
Get our Free Ebook, "Suppressed Health Secrets" THEY don't want you to know!

APeX - Far superior to colloidal silver!  Desroys Viruses, Bacteria, Pathogens!
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy.
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup!
B-12 - Supports healthy metabolism, brain function, hormone balance!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Never Wax Your Car Again -
Protects vehicles for years with dazzling shine!
Smart Meter Cover - Reduces Smart Meter radiation! See Video!
Prodovite - The Secret To Healing is in the Blood!

Tactical Laser Blinds
Attackers
Bring Batteries Back
toLife!
New Laser Blinds Attackers Instantly! Bring Dead Batteries Back to life!
US Faces 100 Year Drought
Cut Power Bills by 65%
NASA - US Faces 100 Year Drought! Discovery Can Cut Power Bills by 65%
Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.