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Saturday, March 28, 2009

AIG Stock Analysis March 30, 2009 3/30/09

The following is technical analysis on American International Group ( AIG ) stock for 3/30/09

AIG Support & Resistance Levels - March 30, 2009

Resistance Levels: $1.22, $1.25, $1.54, $2.00

Support Levels: $0.93, $0.75, $0.50



AIG failed to hold the 10 day moving average on a closing basis and is now testing the 50 day moving average. If this area ( currently 0.93 ) does not hold, AIG could be headed back to the $0.50-$0.75 range. On the upside, there will be resistance between $1.22-$1.25, a close above this area would be bullish and bring in additional buyers. The good news is AIG held the 50 day moving average on Friday!

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