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After Yesterday's Decline of 1.87%, American Interna Offers Investors Better Value

By James Quinn

American Interna (NYSE:AIG) traded in a range yesterday that spanned from a low of $52.56 to a high of $53.08. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $52.71 on volume of 958,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, American Interna has traded in a range of $36.16 to $58.66 and is now at $52.62, 46% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.5%.

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