• Return to Headlines

American International Bullish Moving Average Crossover Alert (AIG)

By David Diaz

American International (NYSE:AIG) shares have crossed bullishly above their 10-day moving average of $55.58 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, American International has traded in a range of $50.20 to $64.93 and is now at $55.80, 11% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for American International and will alert subscribers who have AIG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses american international

Ticker(s): AIG