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American International Bullish Moving Average Crossover Alert (AIG)

By James Quinn

American International (NYSE:AIG) shares have crossed bullishly above their 10-day moving average of $53.95 on a volume of 918K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

American International share prices have moved between a 52-week high of $64.93 and a 52-week low of $50.20 and are now trading 8% above that low price at $54.31 per share. 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 monitoring the recent change of momentum in American International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of American International in search of a potential trend change.

Keywords: moving crosses american international

Ticker(s): AIG