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American International Crosses Below its 10-day MA (AIG)

By Shiri Gupta

American International (NYSE:AIG) shares have crossed bearishly below their 10-day moving average of $57.59 on a volume of 1.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 13% above that low price at $56.80 per share. 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 subscribers consider buying shares of American International on March 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.33. Since that recommendation, shares of American International have risen 6.5%. 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

Ticker(s): AIG