The following is technical analysis on American International Group ( AIG ) stock for 5/05/09AIG Support & Resistance Levels - May 5, 2009
Resistance Levels: $2.00, $2.12
Support Levels: $1.50
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AIG stock spiked late in the day and closed over the 10 day moving average on a report that AIG will not need a new bailout. I am watching the resistance levels of $1.78 & $2.00. A close over $2.00 and I will be getting long AIG stock as I believe a break out will occur. If the above plays out, I am looking at $2.12 and $2.84 as potential upside targets. You atleast have an exit plan by putting a stop at $1.99.
Watching for a up big volume day of 200 million +
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