American International Crosses Above its 10-day MA (AIG)
American International (NYSE:AIG) shares have crossed bullishly above their 10-day moving average of $60.17 on a volume of 568K 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.
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 $60.37, which is 25% above that low price. 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 recommended that subscribers consider buying shares of American International on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.39. Since that recommendation, shares of American International have risen 10.3%. We continue to monitor AIG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses american international