ACE Limited (ACE) Initiated Coverage Alert, Watch for 17.3% Technical Uptrend Continuation

ACE Limited (NYSE:ACE) initiated as Outperform at RBC Capital Markets. The stock closed yesterday at $54.84 on volume of 1,402,900 shares, below average daily volume of 1,698,658.

ACE is currently above its 50-day moving average of $51.70 and above its 200-day moving average of $45.59.

SmarTrend is bullish on shares of ACE and our subscribers received an Uptrend alert on July 23, 2009 at $46.77, which has returned 17.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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