The following is technical analysis on American International Group ( AIG ) stock for March 18, 2009.AIG Support & Resistance Levels - March 18, 2009
Resistance Levels: $10.36, $11.00, $12.53
Support Levels: $9.7-, $9.50, $8.75, $8.00
http://stockcharts.com - Chart
AIG has had a huge short squeeze today and is back over the 50 day moving average. This 50 day moving average now becomes support at around $0.97-$1.00. A close under this level would be bearish.
On the upside, AIG has resistance at $1.50, $1.70, and then $2.12 which was the high back in December.
AIG stock is looking very overbought but can remain this way for a very long time until the buying frenzy ends. Keep an eye on the $1.00 level going foward! For More Technical Analysis - Go Here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
