Bearish Moving Average Cross by American International (AIG)
Today, shares of American International (NYSE:AIG) have fallen below their 10-day MA of $56.04 on a volume of 4.1 million shares. This may provide swing traders with 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 $50.20 and a high of $64.93 and are now at $55.15, which is 10% above that low price. The 200-day and 50-day moving averages have moved 0.2% lower and 0.45% 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 $54.34. Since that recommendation, shares of American International have risen 4.2%. 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