The Chart of the Day belongs to ACE Ltd. (NYSE:ACE). I found the stock by sorting the ACE Ltd. 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:
Fundamental factors:
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.
