Technical Analysis of Financial Markets

Sunday, March 18, 2007

ACE Ltd. (ACE)

Global property and casualty insurance and reinsurance organization, ACE, is currently retracing towards the $56 level which has served as a pivot defining bull vs. bear price action. A bearish trading strategy would entail entering a short position towards $56 as near as possible with price target of $51; stop-loss close above $56.

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