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Watch for American Interna to Potentially Rebound After Falling 2.48% Yesterday

By Shiri Gupta

American Interna (NYSE:AIG) traded in a range yesterday that spanned from a low of $50.53 to a high of $52.35. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $52.38 on volume of 3.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 3% above that low price at $50.90 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: rebounders american interna

Ticker(s): AIG