• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for American Interna (NYSE:AIG)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in American Interna (NYSE:AIG) based on the price action in the company's shares. Today's price range of $55.08 and $55.51 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of American Interna may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

American International Group, Inc. is an international insurance organization serving commercial, institutional and individual customers. AIG provides property-casualty insurance, life insurance, and retirement services.

American Interna (NYSE:AIG) has potential upside of 15.3% based on a current price of $55.49 and analysts' consensus price target of $64.00. The stock should hit resistance at its 200-day moving average (MA) of $58.59, as well as support at its 50-day MA of $54.16.

American Interna share prices have moved between a 52-week high of $67.30 and a 52-week low of $49.57 and are now trading 12% above that low price at $55.49 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for American Interna and will alert subscribers who have AIG in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle american interna

Ticker(s): AIG