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Traders be alert! Stock technical analysis of AIG shows that after an extremely volatile move over the key $50 level 2 weeks ago,  AIG had pulled back dramatically since. It appears that the stock has been consolidating in a symmetrical triangle pattern. Yesterday, AIG tested its 20-day simple moving average (SMA) and closed sharply higher and is now peeking above the upper resistance line of th...

AIG sold today at $40 after the stock breached its support at $40 with massive volume.  The stock was previously bought on Aug 20, 2009 at $28.72, representing a gain of 39% over the last 2 weeks.  Not too bad... :) ...

I recently received a request to look at how much momentum is left in the AIG rally, so here's my take on the subject! From the stock technical analysis below, AIG prices are facing a band of resistance between $56.80 and $60 formed by the highs of Nov 10 and Oct 13.  With a closing price of $50.23 on Friday, it seems that AIG stocks will likely face headwinds fairly soon in overcoming this re...

If you have been following my stock technical analysis blog recently, you would have made quite a bit of money on AIG after I made a call to buy the stock.  However, I also mentioned that this trade ought to be a short term trade because of short-term resistance at $30.  Also, the fundamentals of the stock do not look good. Interestingly enough, the stock price on Thursday shot past the $30 r...

It is tricky business to be buying in the middle of a market correction, but some stocks are showing strength and are worth picking for short-term trades.  One such example is American International Group (AIG). AIG surged 8.5% today at volume that was 68% above its 3-month daily average volume.  Its 50-day exponential moving average has served both as a good support and resistance to the sto...