CB has a slightly untidy topping pattern but strong MACD downCB was already moving down this morning and the MACD seems to show prices should be down around 150 -155. Bought some October 18 155 puts at 60c
Trade ideas
CB long stockCB from a technical perspective looks ready to breakout and join the stock market rally. I look to buy the August 16th expiration long call 140 and sell 150 call. The price of this option is 450$ and the profit potential is 550$. This kind of trade allows several months for the stock to make new highs and you can either make 20%-30% buy buying the stock or you could hold the option and make 122%. As with options, trade with what your comfortable with. Want a higher probability? buy a lower strike price or sell a put 10% lower so that if you buy the stock back, you get it for a 10% discount! The moving averages are bullish as well- gotta love tradingview indicators!
Anyways, see you later guys. Hopefully tomorrow is a red day so then I can get this stock/option even at a better price!
CB Authorizes Share Repurchase ProgramCB: Chubb Limited
2018-11-15 11:48:00
Chubb Limited Board Declares Quarterly Dividend and Authorizes Share Repurchase Program
(D) Good model. Stretching to R2 pivot in bullish channelRed MA (EMA50) has a positive slope; bullish. RSI, OBV, and MACD also indicating bullish action.
If looking to invest, at least let it retest EMA50. Obey your rules.
$CB (D) Healthy overall. As long as it holds near 114 or nearthe bottom of the bullish channel. OBV slowly diminishing and RSI has some room to find support. Recent bearish MACD xover while in a macro marginally bearish MACD trend. Even though SMA50 (Red MA) has a positive slope, prior signals warrant caution near term.
Let it pull back some. Discounts entries are ok. Be patient. Let others do the hard work first; with their money. So what if it fails support near 114. Risk management is paramount, thus confirm with your rules.
Time to sell short the winnersCB brokeout upside after it cleared the descending overhead resistance line and pushed price to achieved the bullish triangle measured target price almost hit the target price and price started to consolidate last few sessions and may seen head back to $96 so approach with cautious attitude on mildly bearish bias. If you need a real time on this security try us www.2waytrading.com
Chubb CB rolling overJust a technical setup.
Overbought and rolling over.
I used a simple 11-day, 22-day MACD to display. 22-days is the average month, which is usually the right number to capture what is going on inside of a quarter (63-66 days, typically).
Risk versus reward is labeled at roughly 1:2.
Best regards,
Tim
2:39PM EST, Oct 1, 2013
