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After Yesterday's Rally of 1.36% Shares Could Potentially Pullback

By Nick Russo

American International (NYSE:AIG) traded in a range yesterday that spanned from a low of $60.62 to a high of $61.97. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $61.90 on volume of 2.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

American International share prices have moved between a 52-week high of $67.47 and a 52-week low of $48.41 and are now trading 28% above that low price at $61.87 per share. 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 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: rebounders american international

Ticker(s): AIG