The following is technical analysis on American International Group ( AIG ) stock for 4/16/09AIG Support & Resistance Levels - April 16, 2009
Resistance Levels: $2.00, $2.12
Support Levels: $1.50
http://stockcharts.com - Chart
AIG stock is exploding higher in pre market today....I am watching the $2 level very closely. If AIG can break above $2, I think you could see some real fireworks. Keep in mind, I rather trade Citigroup since the government has less ownership but for a trade, I am willing to trade AIG stock.
On the downside, $1.50 must hold or else AIG will retest the 10 day moving average. If $2 is broken, I will be watching what happens at $2.12 and then $2.25-$2.50 will most likely be tested. For More Technical Analysis - Go Here
On the downside, $1.50 must hold or else AIG will retest the 10 day moving average. If $2 is broken, I will be watching what happens at $2.12 and then $2.25-$2.50 will most likely be tested. For More Technical Analysis - Go Here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
