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Bearish Moving Average Cross by American International (AIG)

By David Diaz

Today, shares of American International (NYSE:AIG) have fallen below their 10-day MA of $54.55 on a volume of 1.1 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 $48.41 and a high of $64.93 and are now at $54.24, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.62% higher over the past week, respectively.

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