The Chubb Corporation is a large, broadly based property-casualty insurance company. In 1997, to better focus on its core property- causality business, Chubb sold its life insurance and real estate operations, and what a difference it has made to the stock! Better pricing, along with a shift in its business mix, has helped the company to generate better growth for its investors. What's more, the company currently has 174.75 million shares outstanding, with 600 million shares authorized and is trading just below its two previous split levels ($93.25 and $95.50). For our play, Chubb shares just broke above the all-time high resistance of $86.38 and could be ready for another leg up. Although the advance was not related to any specific news release from the company, the company's shares managed to gap sharply higher and ascend on good volume of 788 thousand shares. We suspect that strong gains in the general market may have helped contribute to the run and will likely be a factor for an extended run. Keeping this mind, we'll look for key resistance levels to arise at $90, $95 and $100. Opposition will likely get tougher as each new level is challenged. On the downside, we'll be looking for the intermediate high near $86 to present our initial support base. Just lower, the 5-dma of $84.51 bolsters the $85 mark and could be our last foothold ahead of our stop at $83. Swift reversal from either of these two levels will present potential entry points, if good mid- day volume of 360 thousand shares can confirm the bounce. Consider using the S&P Insurance Index (IUX) to reconfirm entries.

Picked on November 14th @ $87.19 Change since picked 0.00