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American Interna Falls 1.87% on Heavy Volume: Watch For Potential Rebound

By David Diaz

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.

In the past 52 weeks, shares of American Interna have traded between a low of $36.16 and a high of $58.66 and are now at $52.62, which is 46% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.4%.

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