American International Bearish Moving Average Crossover Alert (AIG)
Today, shares of American International (NYSE:AIG) have fallen below their 10-day MA of $52.02 on a volume of 1.7 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of American International have traded between a low of $48.41 and a high of $64.93 and are now at $51.49, which is 6% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.62% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of American International on June 10th, 2016 by issuing a Downtrend alert when the shares were trading at $55.21. Since that call, shares of American International have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses american international