Q: How do you explain AIG's movement and how much longer/higher can this go on?-Carrie
Thanks for your email. SmarTrend issued an UPTREND on AIG on 8/6/09 at $25.35 and as of today’s recent price, the trend on AIG has returned 116.9%. The stock will remain in this UPTREND until our technical indicators determine a trend change has occurred. While the average trend length is around 28 days, there are several cases where they can last anywhere from a few days to several months. I suggest you signup for a free trial of the SmarTrend system (www.mysmartrend.com/shop.asp) so you can add AIG to your Watchlist and be notified via email the moment it changes trend direction. See attached a 6-month chart of AIG, including SmarTrend’s trend calls on the stock.
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