Chart of the Day - Chubb (CB)

The "Chart of the Day" is Chubb (CB), which showed up on Friday's Barchart "All Time High" list. Chubb on Friday rallied to a new all-time high of $70.99 and closed up 0.95%. TrendSpotter has been Long since Nov 30 at $67.44. In recent news on the stock, Barron's on Jan 4 ran a favorable article saying that an expected improvement in Chubb's commercial-underwriting business should allow Chubb to continue to outperform its peers. Credit Suisse on Dec 7 initiated research coverage on Chubb with an Outperform and a target of $75. Chubb Corp, with a market cap of $19 billion, is principally engaged in the property and casualty insurance business.