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American Interna (AIG) Approaches New Downside Target of $51.39

By James Quinn

Shares of American Interna (NYSE:AIG) have bearishly opened below the pivot of $52.88 today and have reached the first support level of $51.89. Investors may be interested in a cross of the next downside pivot targets of $51.39 and $49.90.

Potential upside of 24.4% exists for American Interna, based on a current level of $51.46 and analysts' average consensus price target of $64.00. The stock should find initial resistance at its 50-day moving average (MA) of $53.37 and further resistance at its 200-day MA of $55.58.

American Interna share prices have moved between a 52-week high of $65.55 and a 52-week low of $49.57 and are now trading 4% above that low price at $51.46 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.2%.

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: pivot alerts american interna

Ticker(s): AIG