AIG Stock Analysis August 17, 2009 8/17/09

The following is technical analysis on American International Group ( AIG ) stock for 8/17/09

American Intl Group, Inc. (AIG) Support & Resistance Levels - August 17, 2009

Resistance Levels: $25, $26.50, $28.20

Support Levels: $23.52, $23.00, $21.30

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AIG is pulling back to a major support level between $23-$24. The 10 day moving average is located at $22.71 but rising every day. I will be waiting for AIG to break back above $25 before I buy the stock and will add to my position when AIG breaks $26.50.

When AIG breaks out and closes above $30, I think it could atleast run to $35. If AIG closes below $21.30, I will be avoiding the stock altogether. For More Technical Analysis - Go Here

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